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opioid epidemic will cost the U.S
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JAB
Oct 16, 2019, 9:32:21 PM10/16/19
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The opioid epidemic will cost the U.S. as much as $214 billion in 2019
The opioid epidemic cost the U.S. economy at least $631 billion from
2015 to 2018, and it'll cost another $172–$214 billion this year,
according to a new analysis by the Society of Actuaries.
Why it matters: There's a serious financial incentive to address the
opioid crisis, as well as a moral one.
By the numbers: A third of the spending between 2015 and 2018 was on
excess health care used by people with opioid use disorder and their
family members.
Mortality costs — mostly lifetime earnings lost to premature
deaths — accounted for another 40% of the costs, while lost
productivity made up 15%.
Billions of dollars were also spent on criminal justice-related
activities and child and family assistance programs.
https://www.axios.com/opioid-epidemic-financial-cost-00be01fd-7419-4928-820a-10296008f96a.html
The opioid epidemic cost the U.S. economy at least $631 billion from
2015 to 2018, and it'll cost another $172–$214 billion this year,
according to a new analysis by the Society of Actuaries.
Why it matters: There's a serious financial incentive to address the
opioid crisis, as well as a moral one.
By the numbers: A third of the spending between 2015 and 2018 was on
excess health care used by people with opioid use disorder and their
family members.
Mortality costs — mostly lifetime earnings lost to premature
deaths — accounted for another 40% of the costs, while lost
productivity made up 15%.
Billions of dollars were also spent on criminal justice-related
activities and child and family assistance programs.
https://www.axios.com/opioid-epidemic-financial-cost-00be01fd-7419-4928-820a-10296008f96a.html
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