Opioid epidemic costs soar to $504 billion [FOX Business Network]
Opiant Pharmaceuticals, Inc. (OPNT)
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Source: FOX Business Network
As the opioid drug epidemic spreads, so does its economic impact, with estimates now suggesting the crisis is costing the U.S. hundreds of millions of dollars. Continue Reading Below The White House says the true cost of the opioid drug epidemic in 2015 was $504 billion, or roughly half a trillion dollars. In an analysis to be released Monday, the Council of Economic Advisers says the figure is more than six times larger than the most recent estimate. The council said a 2016 private study estimated that prescription opioid overdoes, abuse and dependence in the U.S. in 2013 cost $78.5 billion. Most of that was attributed to health care and criminal justice spending, along with lost productivity. The council said its estimate is significantly larger because the epidemic has worsened, with overdose deaths doubling in the past decade, and that some previous studies didn't reflect the number of fatalities blamed on opioids, a powerful but addictive category of
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