Opioid crisis cost U.S. economy $631 billion in four years, study shows

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The Society of Actuaries released a report Tuesday examining the economic impact of non-medical opioid usage in the United States, which concludes that from 2015 to 2018 $631 billion was spent dealing with the crisis, with more to come.

Tuesday examining the economic impact of non-medical opioid usage in the United States, and it concludes that from 2015 to 2018 an estimated $631 billion was spent dealing with the crisis, with more to come.

The report, authored by Stoddard Davenport, MPH; Alexandra Weaver, ASA, MAAA and Matt Caverly, examines the cost of opioid misuse on a variety of areas, including health care expenditures, law enforcement and criminal justice programs and early mortality., 33,091 opioid overdose deaths were reported in 2015, a figure that jumped to 42,249 the following year.Early mortality represents the largest economic force in the study.

The second largest cost area is $205 billion in health care, which includes providing emergency services for overdoses and care for infants born with opioid withdrawal and abstinence syndromes. The government has been saddled with a third of the total cost, primarily paid through Medicare and Medicaid, according to the report.

 

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How did this happen? Where were the regulators & referees? How did so many good people look away for so long? How corrupt has our medical system become?

That’s a lot of walls!

Meanwhile the Sacklers who started the opioid crisis are still free and making billions.

It cost me my mother!

Here are the real bad hombres.

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