The Washington Post (10/17, Siegel) reports a Society of Actuaries study “identified which parts of the economy have suffered the most from” the opioid crisis. The study found the epidemic “cost the U.S. economy at least $631 billion – and that more than two-thirds of that toll fell on individuals and the private sector.” About a third of the economic burden – $205 billion – came from “excess health care spending for people with opioid-related disorders,” and 40 percent – $253 billion – of estimated losses were from premature mortality “mainly due to lost lifetime earnings for people who died from overdoses.”
Related Links:
— “Opioid crisis cost U.S. economy at least $631 billion, study finds, “Rachel Siegel, The Washington Pos, October 17, 2019