Final answer:
The major health risks of smoking are well-documented, ranging from various cancers to cardiovascular and respiratory diseases. An economic report suggested governmental savings from early mortality, but these are controversial and should not be construed as health benefits to individuals.
Step-by-step explanation:
While the overwhelming evidence points to the negative health effects of smoking cigarettes, such as increased risks of lung cancer, COPD, cardiovascular diseases, and other conditions, there was a report from Philip Morris that indicated potential economic benefits to governments due to factors like early mortality and associated health care and pension savings. However, these so-called 'benefits' are controversial and reflect economic viewpoints rather than health benefits to individuals. Rather than focusing on these aspects, the primary discussion around smoking should remain centered on its substantial negative health impacts and the importance of quitting smoking to improve individual health outcomes.