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The opioid crisis cost the U.S. economy 1 billion from 2015 through last year — and it may keep getting more expensive, according to a study released Tuesday by the Society of Actuaries.The biggest driver of the cost over the four-year period is unrealized lifetime earnings of those who died from the drugs, followed by health care costs.While more than 2,000 state and local governments have sued the drug industry over the crisis, the report released Tuesday finds that governments bear less than one-third of the financial costs. The rest of it affects individuals and the private sector.The federal government is tracking how many lives are lost to the opioid crisis (more than 400,000 Americans since 2000), but pinning down the financial cost is less certain.A U.S. Centers for Disease Control and Prevention report from found the cost for 2013 at billion. That’s less than half the cost that the latest report has found in more recent years. The crisis also has deepened since 2013, with fentanyl and other strong synthetic opioids contributing to a higher number of deaths. Overall, opioid-related death numbers rose through 2017 before leveling off last year at about 47,000.A study published in 2017 by the White House Council of Economic Advisers estimated a far higher cost — just over 0 billion a year. The new study notes that the White House one used much higher figures for the value of lives lost to opioids — attempting to quantify their economic value rather than just future income.The actuaries’ report is intended partly to help the insurance industry figure out how to factor opioid use disorder into policy pricing.It found that the cost of the opioid crisis this year is likely to be between 1 billion and 4 billion. Even under the most optimistic scenario, the cost would be higher than it was in 2017.The study was released just ahead of the first federal trial on the opioid crisis, scheduled to start next week in Cleveland where a jury will hear claims from Ohio’s Cuyahoga and Summit counties against six companies. The counties claim the drug industry created a public nuisance and should pay.The report found that criminal justice and child-welfare system costs have been pushed up by the opioid epidemic.Most of the added health care costs for dealing with opioid addiction and overdoses were borne by Medicaid, Medicare and other government programs, according to the report. Still, the crisis rang up billion in commercial insurance costs last year. Lost productivity costs added another billion.Businesses have begun noticing. Last week, a small West Virginia home improvement company, Al Marino Inc., filed a class-action lawsuit against several companies, claiming the opioid crisis was a reason its health insurance costs were skyrocketing.Still, the biggest cost burden fell on families due to lost earnings of those who died. Those mortality costs alone came to more than billion last year, the report said.Members of a committee representing unsecured creditors helping guide opioid maker Purdue Pharma’s bankruptcy process have been calling for money in any settlement to go toward to people affected by the crisis and not just governments. 3225

The chief financial officer for Bed Bath & Beyond says 40 of the business' stores will close this year, but 15 new ones will open.On the company's earnings call, CFO Robyn D'Elia said they are in need of more favorable lease terms with landlords.The goods retailer is based in New Jersey. In the last quarter of 2018, the company closed 21 stores and opened three, 381

The driver accused of ramming into dozens of people on the Las Vegas Strip in 2015 talks to @KTNV. Lakeisha Halloway says she’s remembers “glimps” of that night and is truly sorry. Story at 5pm/6pm. pic.twitter.com/VpQrtoGmRD— Cinthia Maldonado (@CinthiaKtnv) March 21, 2019 286

Tennessee Gov. Bill Lee says he won't grant clemency to a death row inmate scheduled to be executed Thursday. Nick Sutton has an unusual group of supporters. They include current and former prison workers and family members of his victims. The 58-year-old Sutton was sentenced to death in 1986 for killing Carl Estep in prison. Estep’s oldest daughter said Sutton did her family a favor. She describes her father as an “evil man.” Meanwhile, former Correction Lt. Tony Eden calls Sutton the most rehabilitated prisoner he has met in 30 years. He also credits Sutton with saving his life during a prison riot. 620

The National Foundation for Infectious Diseases released concerning information that only 52 percent of adults in the U.S. plan to get vaccinated during the upcoming flu season. The organization said on Thursday that it urges everyone 6 months of age or older to get vaccinated for the flu as soon as possible. "Many people underestimate the severity of flu, yet we know flu causes hundreds of thousands of hospitalizations and tens of thousands of deaths each year in the United States," said Secretary of Health and Human Services Alex M. Azar, II. "When it comes to protecting people from flu, our best preventive tool is an annual flu vaccine. It can safely prevent flu illnesses, hospitalizations, and deaths," added Secretary Azar. Getting vaccinated is especially important for people with chronic health conditions that puts them at higher risk for flu-related complications."Last flu season, approximately 93 percent of adults hospitalized for flu-related complications had at least one underlying medical condition, such as heart or lung disease. Vaccination against flu and pneumococcal disease must be part of disease management for people with chronic health conditions," said Dr. Borden, a preventive cardiology specialist.Those looking for a flu vaccine can click 1291