Opioid Epidemic Costs US$ 504 Billion in the U.S.

Opioid Epidemic Costs US$ 504 Billion in the U.S. copy

Government of U.S. declared the actual cost of opioids epidemic, tops to US$ 504 billion in 2015, however, the figure is regarded as six times larger than the recent estimates

U.S. said on November 19, 2017, that the actual cost of opioid drug epidemic was US$ 504 billion, as estimated in 2015.

The Council of Economic Advisers of U.S. said on November 20, 2017, that according to a study the prescription of opioid overdose, abuse, and dependence, costs around US$ 78.5 billion in the U.S. in 2013. This is majorly attributed to criminal justice and healthcare spending, with lost productivity. Deterioration of epidemic has further led to overdose deaths doubling in the region. However, the study could not determine the number of deaths occurred due to opioids, a powerful yet addictive painkiller. The study led by Council focused mainly on prescription opioids, while the study determined the factors of illicit opioids, including heroin.

According to the report released by Government of U.S. on November 19, 2017, “Previous estimates of the economic cost of the opioid crisis greatly underestimate it by undervaluing the most important component of the loss — fatalities resulting from overdoses,”

In October 2017, U.S. declared that opioid abuse is a national public health emergency. Government of U.S. further stated that opioids is the worst drug crisis in the nation’s history, however, funding to combat opioids has yet not been declared by the government. An interim report by the Federal Commission demands an emergency declaration regarding opioids drugs, and planning to free additional money and resources.

However, according to the final report released by the Federal Commission, the panel only demanded more drug courts, penalties for insurers that dodge covering addiction treatment, and more training for doctors. Over 64,000 people in the U.S. died from drug overdose in 2016, among which mostly include deaths from prescription painkiller or an illicit opioid, such as heroin.

You may be interested

Business

Borehole Gravity Survey Services Market 2018 To 2023 Top Competitors, Demand And Opportunity

Albert R - December 13, 2018

Borehole Gravity Survey Services Market is anticipated to have maximum growth during years 2018 to 2023 according to the latest research made by WMR. This Borehole Gravity…

Business

Alcoholic Non-Alcoholic Beverages Market 2023 Trends, Analysis, Market Forecast, Production Demand

Albert R - December 13, 2018

Alcoholic Non-Alcoholic Beverages Market is anticipated to have maximum growth during years 2018 to 2023 according to the latest research made by WMR. This Alcoholic Non-Alcoholic Beverages…

Business

Sports Goggle Market 2018 To 2023 Future Growth Analysis, Industry Sizes, Market Overviews

Albert R - December 13, 2018

Sports Goggle Market is anticipated to have maximum growth during years 2018 to 2023 according to the latest research made by WMR. This Sports Goggle Market Intelligence…

Most from this category