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Losing Weight: Healthier Wallet
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------------ target=_blank> Losing Weight: Healthier Wallet
Title
----- Losing Weight: Healthier Wallet
Lose Weight - Get A Break
---------------------------------------- The American Obesity Association (AOA) wants to give new meaning to getting a deduction. Losing weight should get you a deduction. The non-profit advocacy organization is trying to change IRS policy to allow taxpayers to deduct the cost of weight loss treatments.
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 would like to see weight loss treatments included in the same category of allowable medical expenses like treatments for heart disease or stroke. According to Downey, the IRS responded to the petition last October by saying consideration would be given to reverse the revenue ruling if facts were provided establishing either that obesity itself is a disease, or weight loss by an obese person could prevent the onset of disease.
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
----------------------------------------- Chris Rosenbloom, PhD, RD says obesity is considered a "chronic disease, it has actually been classified a disease. It's probably the biggest chronic health problem that we have in the United States." Rosenbloom is an associate professor of nutrition at Georgia State University in Atlanta.
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 heart disease, was over $100 billion in 1999 alone.
Medicare And Medicaid Next?
-----------------------------------------
Downey says the AOA is "working with some of the managed care associations and Medicare. We're going to be looking at Medicaid hopefully in the near future. We obviously want to see them provide better coverage." But Downey says the IRS and the insurance industry are two very different issues. The IRS is more cut-and-dry, and the questions associated with it are not as complex.
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 and a 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, that probably 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.
About the Author
About The Author
---------------- Michael Lewis has been collecting articles and information on Weight Loss and HGH (Human Growth Hormone and related health benefits. He has created and edits numerous web sites about this subject. Michael is a staff writer for www.ageforce.com
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Diabetes UK home page - Diabetes UK |
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Canadian Diabetes Association |
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CDC Diabetes Public Health Resource |
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CDC - Health Topic: Diabetes |
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National Diabetes Information Clearinghouse |
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Diabetes mellitus - Wikipedia, the free encyclopedia |
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Diabetes |
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Diabetes Overview |
Defines diabetes, including the various types and treatments. Provides information on the impact and cost of the disease, its increasing prevalence, ... |
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Diabetes News - The New York Times |
A free collection of articles about diabetes published in The New York Times. |
topics.nytimes.com |
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children with DIABETES Online Community |
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International Diabetes Institute - Diabetes Research, Education ... |
The International Diabetes Institute is the leading national and international centre for diabetes research, diabetes education and diabetes care. |
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Diabetes New Zealand |
Educates and informs people about diabetes, its treatment, prevention, and cure of diabetes. |
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