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| Weight Loss Information from experts |
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Losing Weight: Healthier Wallet
Lose Weight - Get A Break The AOA and 10 other organizations (including Weight Watchers, Jenny Craig, several pharmaceutical companies, professional societies, and consumer advocate groups) petitioned the IRS last year to reverse the revenue ruling that includes weight loss among such other non-deductible categories as cosmetic surgery and health clubs, and until recently, smoking cessation programs. Weight Loss Programs Should Get The Same Break as Smoking Cessation Programs The AOA responded with an "exhaustive submission covering both of those bases," Downey says. "It almost gets to the point, why did we ask this question in the first place, it's so obvious, but of course, it isn't, there's still a lot of misunderstanding about obesity." The AOA wants the reversal to allow deductions for the costs of comprehensive obesity treatment, including surgery, pharmacology, behavioral counseling, and programs for the specific purpose of weight maintenance and loss. Downey says he's "optimistic" the IRS will rule in their favor based on the strength of the evidence in their 58-page submission to the agency. Obesity Is Considered A Chronic Disease Rosenbloom says obesity can lead to high blood pressure, increased risk for cardiovascular disease, type 2 diabetes, and possibly even certain types of cancers. According to the AOA, about 55% of U.S. adults are overweight or obese. The health care costs for treating diseases caused by obesity, such as diabetes and heartdisease, was over $100 billion in 1999 alone. Medicare And Medicaid Next? The IRS has to interpret obesity as a medical problem. Until it does, it is doubtful that tax relief will come. Even though medical deductions qualify after seven anda half percent of your adjusted gross income. If you were making $100,000 a year, you would have to have over $7,500 before you could deduct it. Most people don't. Downey agrees "it's a very small category, but in our view, particularly for people who need bariatric [obese-specific] surgery, which is going to be $8,000 to $12,000, or so and frequently is not covered by insurance plans, thatprobably is the individual who is going to benefit from this change. Most middle class people would have to go to a lot of Weight Watchers meetings to get up to that level." There has been a 40% increase in the number of obese people since 1980 and the incidence of obesity in children is rising. This is an issue that needs to be addressed. You may reprint or publish this article free of charge as long as the bylines are included. Original URL (The Web version of the article) About The Author
MORE RESOURCES: Weight Loss Drugs Changed Their Lives. Then They Lost Coverage. The New York Times WHO scientists endorse weight loss drugs for controlling obesity: What does it mean for therapies? The Indian Express How to lose stubborn belly fat before wedding: Nutritionist shares simple weight loss plan to shed 2-3 kg in 10 days Hindustan Times ‘Was working on myself quite extensively’: Ram Kapoor shares photos after dramatic weight loss; tips on achieving sustainable fitness in middle age The Indian Express Stanford Scientists Rewrite the Ketosis Rulebook: Metabolites That Suppress Hunger and Promote Weight Loss SciTechDaily Long-term weight loss effects of semaglutide in obesity without diabetes in the SELECT trial Nature.com FDA approves Zepbound® (tirzepatide) as the first and only prescription medicine for moderate-to-severe obstructive sleep apnea in adults with obesity Investors | Eli Lilly and Company FDA approves weight-loss drug Zepbound to treat sleep apnea The Washington Post Weight Loss Drug Tirzepatide Now Approved for Sleep Apnea in Adults With Obesity AJMC.com Managed Markets Network Novo’s CagriSema Blunder Underscores Sky-High Investor Expectations for Weight Loss Drugs - BioSpace Are Weight-Loss Drugs Causing a Rift in Your Relationship? We Want to Hear About It. The New York Times Meghan Trainor Says This Strength Routine 'Changed' Her Life Women's Health Risks of weight loss medication breaks FOX 13 Seattle FDA reaffirms Eli Lilly weight-loss drug is no longer in shortage The Washington Post Novo Nordisk stock plunges 20% after a trial of its latest weight loss drug disappoints Markets Insider Wellness Wednesday: Weight loss resolutions newschannel20.com FDA Approves Weight-Loss Drug Zepbound for Sleep Apnea The Daily Beast Novo Crashes 18% After Next-Gen Obesity Drug Misses Its Mark Investor's Business Daily THIS weight-loss drug becomes first to gain approval for treating sleep apnea; details here | Mint Mint Is Viking Therapeutics, Inc. (VKTX) the Best Weight Loss Stock to Buy Now According to Hedge Funds? Yahoo Finance Best way to avoid weight gain when eating out: Nutritionist reveals clever restaurant hack; says you should drink... Hindustan Times FDA confirms shortage of weight loss drug tirzepatide is over, gives compounders a grace period STAT Reason behind Diddy's drastic weight loss behind bars as lonely Christmas approaches - The Mirror US IBD 50's Hims Tumbles On Bad News For Weight-Loss Drug Investor's Business Daily Opinion: Weight-loss drugs are great, but real food still matters Los Angeles Times Weight loss drugs are getting people to the doctor. Now comes the wave of long-ignored diagnoses Quartz Lilly's Zepbound® (tirzepatide) superior to Wegovy® (semaglutide) in head-to-head trial showing an average weight loss of 20.2% vs. 13.7% Investors | Eli Lilly and Company US obesity rates drop for 1st time in a decade, with possible help from weight loss medications ABC News Novo Nordisk stock price takes a tumble after the Wegovy maker's next-generation weight-loss drug underwhelms Fast Company The Download: shaking up neural networks, and the rise of weight-loss drugs MIT Technology Review Diddy stuns with dramatic ‘weight loss, grayer’ look at new court hearing, reporter claims Hindustan Times |
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