The claims that bacon is high in fat, causes high cholesterol and ultimately leads to serious health conditions are not entirely true. Bacon does have some surprising health benefits that make it a great addition to a diet plan when it is eaten in proper serving sizes. single serving of bacon has less fat than many consumers assume. According to Boss Hog on the website BaconToday.com, bacon has less fat and cholesterol than many popular cuts of beef and chicken. The low fat content when compared to the amount of nutritional value is surprising.