Purpose
The purpose of this executive summary is to provide an overview of the issue of the opioid epidemic in the U.S. and how supply-side factors have played a role in the spread of this epidemic. According to Pacula and Powell (2018) in the Journal of Policy Analysis and Management, published at Rand.org, the opioid crisis “is a complex, multifaceted, and dynamic problem requiring a comprehensive strategy for dealing not just with the stock of addicted users who are at risk of overdosing, but also considering the flow of new initiates and escalators in abuse.” This summary will discuss the background of the issue, the results of the research by Pacula and Powell (2018), available federal data, appropriate economic predictors, and three reliable and implementable recommendations.
Background
The opioid epidemic has ravaged the U.S. in recent years. The U.S. Department of Health and Human Services shows that 2016 alone, 116 people died every day from opioid-related overdoses (HHS, 2018). The problem stems from the rise of the pharmaceutical industry and its development, manufacturing and sale of prescription drugs that were highly addictive and so very effective in relieving the pain of individuals that for addicts they became a way of obtaining a “high” that then became something to be desired in and of itself. This “high” has been an allure for many millions of people who use prescription drugs illegally and/or abuse their own prescriptions in order to achieve a “high” from the drugs. The result has been a tremendous loss of life, a problem of crime, a problem of family deterioration, and a problem of economic trouble as more and more people are becoming addicted to opioids and not entering into the workforce to support their families, communities and the overall national economy (Blackstone, Fuhr & Pociask, 2014).
Results of the Research
The key findings of the study by Pacula and Powell (2018) are that supply-side factors contributed significantly to the rise of the opioid crisis. This means that the pharmaceutical...
References
Blackstone, E. A., Fuhr Jr, J. P., & Pociask, S. (2014). The health and economic effects of counterfeit drugs. American Health & Drug Benefits, 7(4), 216.
Council of Economic Advisors. (2017). The underestimated cost of the opioid crisis. Retrieved from https://www.whitehouse.gov/sites/whitehouse.gov/files/images/The%20Underestimated%20Cost%20of%20the%20Opioid%20Crisis.pdf
HHS. (2018). About the U.S. opioid epidemic. Retrieved from https://www.hhs.gov/opioids/about-the-epidemic/
Pacula, R. & Powell, D. (2018). A supply-side perspective on the opioid crisis. Retrieved from https://www.rand.org/pubs/external_publications/EP67511.html
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