Opioid crisis costs the U.S. half a trillion dollars a year

The opioid crisis is costing the U.S. more than half a trillion dollars a year, according to a report issued by the President’s Council of Economic Advisers.

That’s about 2.8 percent of total GDP.

In 2015, the total cost of the crisis was $504 billion. The study said that previous analyses have greatly understated this amount because they didn’t use “conventional economic estimates for valuing life” lost through drug overdoses.

Click here to read the report.