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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 holiday shopping season is upon us and it’s never too early to start scoping out gift ideas, especially for the children in your life. It can be hard to shop for kids because of rapidly changing toy trends and the sheer amount of choices in stores. To help make things easier, some of the nation’s largest retailers have already released toy catalogs highlighting some of the year’s hottest toys. 413

The first tropical system to slam the US this year is expected to make landfall as a hurricane. But days before landfall, it's already walloping New Orleans with widespread flooding.The National Hurricane Center predicts Tropical Storm Barry will form in the Gulf of Mexico by Thursday and strengthen to a hurricane by Saturday, when it's expected to make landfall in Louisiana. The tropical system has already spawned its first tornado warning and flash flood emergency, both in the New Orleans area.New Orleans resident Angela Catalano, whose house is already flooded, said she's worried about what's next."We took in about 2 feet of water in our basement/ground floor level," Catalano said. "I'm very concerned about the impending storm, with the Mississippi River near flood stage. I'm very worried about more flooding."Indeed, the worst is yet to come. Louisiana Gov. John Bel Edwards said about 10 to 15 inches of rain could fall within 24 hours between Friday and Saturday. Edwards declared a state of emergency Wednesday for all of Louisiana in preparation for the impact of the low-pressure system."That is a short time period for such an intense" rainfall, Edwards said.Even worse: The slow-moving storm is crawling at about 3 to 5 mph, the governor said. That means it could hover over the same place for long time, dumping rain relentlessly.Forecasters warned drivers to stay off flooded roads."A FLASH FLOOD EMERGENCY has been issued for Jefferson Parish! 4 to 6 inches have already fallen and 2 - 3 more is anticipated," the National Weather Service's New Orleans office tweeted. "Please do not drive in flooded roads! Seek higher ground if flooding!"New Orleans City Hall closed Wednesday as the ferocious weather kept pounding the city."As always during hurricane season, residents are reminded to review emergency plans, gather emergency supplies, and stay informed," Mayor LaToya Cantrell's office said. "Hurricane preparedness information is available at 1987
The body of Faye Swetlick, the 6-year-old South Carolina girl who went missing from her home on Monday, was found Thursday, 136
The Food and Drug Administration has announced a recall of Drospirenone and Ethinyl Estradiol tablets that may have missing or incorrect tablet arrangement.That's birth control, and the announcement says the patient taking these pills might not get the correct dosage if consumed according to the packaging."To date, no case has been reported for pregnancy and adverse event to Apotex," the recall says."Patients who have received impacted lots of Drospirenone and Ethinyl Estradiol Tablets, USP 3MG/0.03MG. or have questions regarding this recall please contact your pharmacy. Individuals should not interrupt their therapy, use a non-hormonal method of birth control, contact their health care provider for medical advice and may return the impacted packages to their pharmacist."Drospirenone and Ethinyl Estradiol Tablets, USP are an estrogen/progestin COC indicated for use by women to prevent pregnancy. Drospirenone and ethinyl estradiol tablets (inner carton) consists of 28 film-coated, biconvex tablets in the following order: 21 yellow color tablets, each containing 3 mg drospirenone (DRSP) and 0.03 mg ethinyl estradiol (EE), and 7 placebo white color tablets."These birth control pills were distributed nationwide to wholesalers and distributors. Patients should consult their doctors. Distributors are asked to return affected products to the place of purchase.Customers who purchased the impacted product directly from Apotex may call GENCO at 1(877) 674-2082 to arrange for their return.Consumers with questions regarding this recall can contact Apotex corp. by phone-number (800) 706-5575or email 1626
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