Report Soda Tax Would Help Cover Cost Of Health Care Reform

09.17.09 | FL News Team

State and federal officials trying to figure out how to pay for health reform may be considering taxing sugary drinks. According to a report published in the "New England Journal of Medicine," slight taxing of soda and juice could raise billions of dollars. The report claims a penny-an-ounce tax could raise almost 15-billion-dollars a year for health programs. However, industry officials deny the correlation between these drinks and health diseases like diabetes and obesity. A spokesperson from the American Beverage Association says the sale of soft drinks has decline by nine-percent over the past decade but the obesity rate continues to rise.