The Opioid Crisis Is Costing You Over $1 Trillion
The medical marijuana industry continues to fight an uphill battle in hopes to save the lives affected by the current opioid epidemic.
A new report released by Altarum, a nonprofit group that analyzes the health economy, revealed that the United States has spent over a trillion dollars on the opioid crisis since 2001. That figure may continue to increase another $5 billion more in the next three years, if nothing changes.
The figures were obtained from CDC mortality data from June 2017. The report says that those who are taking the brunt of the opioid-related expenses are employees, who lose money from lost earnings and productivity loss. State and federal governments also took a hit from lost tax revenue as a result of substance abuse disorders and early deaths. The reason why costs continue to rise is because more young people are impacted by the epidemic, says Corey Rhyan, Altarum senior research analyst. “The average age at which opioid deaths are occurring – you’re looking at something in the late 30’s or 40’s,” he says. “As a result, you’re looking at people that are in the prime of the productive years of their lives.”
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