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For several decades, weve seen little or no change in smoking rates among these groups, even while the smoking rate has declined in the general population

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Ratings on tobacco securitization bonds are largely based on the ability of the underlying cash flow stream to meet timely debt service payment, particularly given larger than expected declines in cigarette consumption since the MSA was negotiated in 1998, and the integrity and viability of the securitization's legal structure

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Smoking costs Minnesota more than $3 billion annually in excess health care costs. Huppert added that if the age limit were raised statewide to 21, it could prevent upwards of 30,000 young adults from smoking over the next 15 years, according to a Minnesota-specific study on the topic