This 4 page research brief from Altarum authored by C.N. Rhyan analyzes 2016 data to estimate the economic impact of eliminating the opioid epidemic. The analysis looks at 2 categories of impact. First, reductions in direct costs of public and private expenditures such as those related to health care, law enforcement, and child and family services spending. Second, recovered economic benefits that were not realized due to lost earnings or lost tax revenue due to disability and mortality associated with opioid use. The report concludes that the potential societal benefit of eliminating opioid overdoses, deaths, and substance use disorders exceeded $95 billion in 2016 and preliminary data suggests estimates for later years would be greater.
Funding Source: Altarum
The Potential Societal Benefit of Eliminating Opioid Overdoses, Deaths, and Substance Use Disorders Exceeds Billion Per Year
An analysis of the economic impact of the opioid epidemic using 2016 data from Altarum