Obesity is a Market Failure

Obesity rates in the USA are related to poverty levels. The same here in Australia. Tasmania has the highest rates in Australia and unfortunately the health problems that go with that.

The economics of obesity and diabetes will push the health system over the edge in the next few years – no question. I have done a paper on that 4 years ago. The government know it. The Health Funds know it. The hospital system knows it and people are starting to see it.

The waiting list just to see me in the Outpatients department of the hospital is fast approaching 12 months. That is getting ridiculous.