Opioid epidemic cost $696B last year, White House says

The opioid epidemic cost the nation $696 billion in 2018, representing 3.4 percent of gross domestic product, according to a new estimate from the Council of Economic Advisors.

CEA also estimated the epidemic cost the U.S. $2.5 trillion between 2015 and 2018.

This figure contrasts a recent estimate from the Society of Actuaries, which found the epidemic cost $631 billion over the same time period. CEA's estimate is much larger, as it accounts for the economic consequences of lives lost to the opioid epidemic.

CEA also found nearly 30,000 overdose related deaths were prevented between January 2017 and March 2019, equating to $326 billion in savings.

To learn more, click here.

More articles on opioids:
Nearly 50% of women are over-prescribed opioids at discharge after C-section
US spent $631B addressing opioid crisis in last 4 years, study finds
AdventHealth to open addiction recovery center in 2020

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Content

Featured Webinars

Featured Whitepapers