Opioid Epidemic Costs US$ 504 Billion in the U.S.
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
Pharmacovigilance Market Segmented by Application and Geography Trends, Growth and Forecasts to 2026Mohit Joshi - October 24, 2018
Coherent Market Insights released a new market study on 2018-2026 Pharmacovigilance Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy…
Direct-to-Consumer Genetic Testing Devices Market Global Outlook and Overview 2018 to 2026Mohit Joshi - October 24, 2018
Coherent Market Insights released a new market study on 2018-2026 Direct-to-Consumer Genetic Testing Devices Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through…
Medical Animation Market Competitive Strategies, Regional Analysis Forecast 2025Mohit Joshi - October 24, 2018
Coherent Market Insights released a new market study on 2018-2026 Medical Animation Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and…