The Underestimated Cost of the Opioid Crisis

Organizational Author(s): White House Council of Economic Advisors 2017

The Underestimated Cost of the Opioid Crisis

 Estimates of the economic cost of the opioid crisis.

This paper estimates the economic cost of these deaths using conventional economic estimates for valuing life routinely used by U.S. Federal agencies. It also adjusts for underreporting of opioids in overdose deaths, includes heroin-related fatalities, and incorporates nonfatal costs of opioid misuse. The Council of Economic Advisors estimates that in 2015, the economic cost of the opioid crisis was $504.0 billion, or 2.8 percent of GDP that year. This is over six times larger than the most recently estimated economic cost of the epidemic. 

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Content Type: Resource
Target Populations: Non-Target Population Specific

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Posted: 9/14/2018 8:34 AM
Posted By: Robin Gwathney
Posted In: Global
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