Full KMZU Newsmaker:
JEFFERSON CITY, Mo.- New research was released from the Missouri Hospital Association and the Hospital Industry Data Institute that found the total economic cost of the opioid crisis in Missouri at almost $13 billion in 2016, with the costs associated with overdose deaths accounting for 96% of the total economic burden.
Researchers found the opioid overdose mortality rate in Missouri nearly doubled between 2012 and 2016. According to Matt Reidhead, Vice President of Research & Analytics, HIDI researchers used methods from the White House Council of Economic Advisors, and data release late last year from the Centers for Disease Control and Prevention, to replicate the economic burden of the opioid crisis at the state level using update mortality data from 2016.
The analysis investigated the impact of two economic indicators: fatality costs, which are associated with premature mortality and non fatality costs, which are associated with individuals with opioid use disorder and accrue from reduced productivity and increased consumption of health care and social services. The analysis indicates that in 2016, the economic cost of the 921 opioid overdose deaths in Missouri was estimated at $12.1 billion. Cost associated with non fatal opioid use disorder totaled $519 million. In 2016 on average, nearly three Missourians died each day from an opioid overdose. Missouri’s one-year increase of 35% was higher than the national increase of 29%.
The alarming economic cost to Missouri is equivalent to $1.4 million per hour, $24,000 per minute and $399 per second. In total, Missouri’s annual burden from the opioid crisis exceeds the economic activity generated by the agriculture, mining and utilities sectors combined.
The Missouri Hospital Association is a not-for-profit association in Jefferson City that represents 144 Missouri hospitals. In addition to representation and advocacy on behalf of its membership, the association offers continuing education programs on current health topics and seeks to educate the public about health care issues.