From the linked article:
> The IARC’s experts concluded that each 50-gram (1.8-ounce) portion of processed meat eaten daily increased the risk of colorectal cancer by 18%.
From a related article:
> To put this in perspective, the lifetime risk of colon cancer is 5 percent. If you have a hot dog every day, your risk goes to 6 percent.
http://www.cbsnews.com/news/cancer-sausage-red-meat-world-he...
Plus pesticide-laden, nutrition-lacking supermarket veggies and, deep fried (>180C) crisps as an evening snack, high fructose corn syrup soft drinks in the daytime. And mouldy coffee and spice mixes. Inflammation galore.
How does it all add up?
See also here: http://www.anh-usa.org/you-are-what-your-food-ate/
Vegetables and leafy greens are not the holy grail, because for this goes almost the same as meat. They can be full with pesticides and be nutrition deficient because of industrial farming.
Whatever you eat, if you want to avoid or lower your risk of getting cancer, eat only organic, non-processed food, ban sugar, and drastically limit the intake of fructose-rich fruits.
And for those who don't care, eat whatever you want, nobody stops you from doing so :)
The impact on socialized medicine is still significant when you consider an additional 1% of colon cancer cases in the population.
If your adult life expectancy is 78 years old (http://www.worldlifeexpectancy.com/your-life-expectancy-by-a...) and a hot dog a day gave you a 1% chance of dying at a median age of 52, that would be a life expectancy reduction of 3 months for eating a hot dog a day. If it were a 1% chance of dying at a median age of 69, that would be a 1 month life expectancy reduction.