While opioid use disorder is having a devastating effect on families and communities, it is also weighing heavily on the Massachusetts economy, our workforce, and our ability to compete in the global marketplace.
estimated in Massachusetts health care costs, lost productivity, and other factors, due to the opioid epidemic (Center for Disease Control)
The Impact of the Opioid Epidemic on Our Economy
According to a national study, opioid use disorder has cost the United States $1 trillion dollars since 2001 and will add another $500 billion by 2020.
The Center for Disease Control estimates that the opioid epidemic is costing Massachusetts $10 billion a year in health care costs, lost productivity, and other factors.
At the same time, one million people in this country are not working due to opioid use disorder, according to a report by the American Action Forum. And, the Substance Abuse and Mental Health Services Administration reports that 55 percent of people with an opioid addiction are employed, increasing health care costs for employers.
While RIZE is working with the private sector to raise resources to invest in solutions, we are also leading the business community in efforts to gather data on the impact of the opioid crisis on the workforce and economy to better inform public policy and encourage more companies to contribute resources to ending the epidemic.