3 hours ago
1
FIRST ON FOX: The opioid situation nether the Biden administration outgo the U.S. $2.7 trillion successful 2023 alone, a caller survey exclusively obtained by Fox News Digital shows.
The Council of Economic Advisers, an bureau wrong the enforcement bureau that advises the president connected economical policy, released a survey connected Friday, detailing that the opioid epidemic outgo the U.S. $2.7 trillion successful 2023 erstwhile considering costs related to nonaccomplishment of life, nonaccomplishment of prime of life, nonaccomplishment of labour unit productivity, transgression and costs to the wellness attraction system.
The opioid epidemic has raged for years, chiefly inflamed by the usage of fentanyl, which is simply a synthetic opioid that chiefly originates successful China and comes to the U.S. implicit the Mexico border.
President Donald Trump is successful the midst of leveraging tariffs connected Canada, Mexico and China to bolster borderline information and stem the travel of fentanyl into the U.S., which has sparked condemnation from critics that the tariffs volition pb to higher costs for U.S. consumers purchasing goods originating from those 3 nations.
The study, however, argues that the costs of the opioid epidemic "dwarfs adjacent pessimistic estimates of the effects of tariffs."
TRUMP IMPOSES TARIFFS ON IMPORTS FROM CANADA, MEXICO AND CHINA: 'NATIONAL EMERGENCY'
"Ever since his archetypal introduction into authorities backmost successful 2015, President Trump has been committed to tackling the opioid epidemic that is destroying American lives, families, and communities," White House lawman property caput Kush Desai told Fox News Digital connected Friday.
"While Democrats outcry foul and drum up hysteria implicit his usage of tariff powers to prevention American lives from the scourge of illicit drugs similar fentanyl, President Trump isn’t going to waver from utilizing each lever of enforcement and legislative powerfulness to enactment Americans and America First — the costs of lasting idly by successful this cause warfare intelligibly acold outweigh the exaggerated costs of warring for American lives," helium said.
The Council of Economic Advisers survey utilized a 2017 Centers for Disease Control and Prevention study that researchers adjusted to relationship for ostentation trends, and opioid deaths and dependency, since its release.
The nonaccomplishment of beingness successful 2023, for example, outgo the U.S. $1.11 trillion, with the survey explaining that researchers multiplied the 74,702 opioid deaths that year "by worth of statistical beingness successful the United States and past adding productivity and healthcare costs that originate owed to opioid fatalities."
TRUMP'S TARIFFS ON MEXICO AND CANADA WILL INCREASE PRICES FOR CONSUMERS; EXPERTS OFFER DETAILS
"We inflation-adjusted the $10.1 cardinal worth of a statistical beingness fig provided by NIH (2017) to 2025 dollars ($13.0 cardinal per life)," the survey explained.
Another $1.34 trillion of the $2.7 trillion full accounts for nonaccomplishment of prime of beingness for those successful the midst of opioid addiction compared to Americans who are steadfast and not addicted.
WHAT'S HAPPENING WITH TRUMP'S TARIFFS ON CHINA, CANADA AND MEXICO?
"The measurement shows that beingness with OUD [opioid usage disorder] has astir 60 percent (0.626) of the prime of beingness of those successful afloat health," the survey found. "Second is simply a measurement of however overmuch Americans worth a twelvemonth of beingness successful afloat health. Adjusted for inflation, this worth is estimated astatine $624,410 per idiosyncratic per year. Together these values connote that the mislaid prime of beingness costs $234,478 per twelvemonth for each idiosyncratic surviving with OUD. We past multiply this worth by the prevalence of OUD, estimated to beryllium 5.7 cardinal successful 2023."
The opiod situation outgo the U.S. wellness attraction strategy an estimated $107 cardinal successful 2023, the survey found, erstwhile accounting for attraction of individuals with opioid usage disorder, comparative to the mean yearly outgo of treating patients who bash not person an opioid addiction.
"This amounts to $19,000 further dollars per twelvemonth per idiosyncratic with OUD," the survey detailed. "These costs were chiefly borne by backstage insurers, Medicaid, and hospitals providing uncompensated care. Ultimately, these costs are passed connected to each Americans done higher security premiums, taxes, and healthcare expenses."
Loss of labour productivity owed to the opioid situation outgo the U.S. an estimated $107 billion, the survey found. Researchers determined that fig by multiplying the fig of productive enactment hours mislaid owed to opioid-related deaths, addiction and incarceration by the mean hourly wages and benefits for U.S. employees.
Crime was the last constituent successful the study. The study recovered that constabulary protection, tribunal proceedings, correctional installation usage and spot nonaccomplishment stemming from opioid-related transgression outgo the U.S. $63 billion.
‘MAKING AMERICA EXPENSIVE AGAIN’: DEMOCRATS FIND A TAX THEY DON’T LIKE IN TRUMP TARIFFS
"The tremendous economical outgo of the illicit opioid epidemic to Americans, estimated astatine $2.7 trillion successful 2023 alone, underscores the urgent request to power the travel of lethal drugs pouring successful from overseas countries. The quality suffering and fiscal load inflicted by this epidemic are unsustainable," the decision of the survey found.
Trump and his medication are successful the midst of a borderline information blitz, with instrumentality enforcement agencies stretching from the Department of Homeland Security to U.S. Marshals conducting raids crossed the federation to deport amerciable immigrants and forestall the travel of different amerciable migrants entering the nation.
As portion of the migration plan, Trump announced tariffs connected Mexico, Canada and China astatine the extremity of January, which included a 25% further tariff connected imports from Canada and Mexico and a 10% tariff connected imports from China. Energy resources from Canada were acceptable to person a little tariff, astatine 10%.
The enforcement bid that authorized the tariffs, which Trump signed Saturday, said they were created successful airy of "extraordinary" threats stemming from "illegal aliens and drugs, including deadly fentanyl."
"This situation threatens the cloth of our society," the enforcement bid states. "Gang members, smugglers, quality traffickers, and illicit drugs of each kinds person poured crossed our borders and into our communities.
TRUMP AGREES TO PAUSE TARIFFS ON CANADA IN EXCHANGE FOR MORE BORDER ENFORCEMENT
"Canada has played a cardinal relation successful these challenges, including by failing to give capable attraction and resources oregon meaningfully coordinate with United States instrumentality enforcement partners to efficaciously stem the tide of illicit drugs."
MEXICO AGREES TO DEPLOY 10,000 TROOPS TO US BORDER IN EXCHANGE FOR TARIFF PAUSE
Both Canada and Mexico agreed to concessions with Trump connected Monday, the time earlier the tariffs were acceptable to instrumentality effect, pledging to nonstop further information unit to their respective borders with the U.S. Trump agreed to intermission the tariffs connected the 2 nations for 1 period successful airy of the borderline information concessions.
China, connected the different hand, imposed tariffs connected immoderate U.S. imports successful effect to Trump's tariffs. China's Finance Ministry said soon aft the tariff started that it would enforce a tariff of 15% for ember and liquefied earthy state and 10% for crude oil, cultivation instrumentality and large-engine cars imported from the U.S.
Critics of the tariffs person slammed them arsenic starring to higher costs for American spenders, citing that goods stretching from Mexican beer, Canadian lumber and imported Chinese electronics would spot a emergence successful costs for Americans.
"It’s going to impact beer, OK," Senate Minority Leader Chuck Schumer said during a property league successful his New York bureau connected Sunday, portion informing against the tariffs and holding up a gangly tin of Corona Extra. "Most of it, Corona here, comes from Mexico."
"It’s going to impact your guac — due to the fact that what is guacamole made of? Avocados. If you person pizza, it's going to impact the outgo of cheese."
Goldman Sachs estimated that the U.S. would instrumentality a 0.4% deed to the GDP implicit the tariffs.
The Council of Economic Advisers study, however, argued that costs related to the opioid epidemic dwarf costs related to tariffs.
TRUMP TARIFFS PROMPT WARNINGS FROM TRADE GROUPS
"This fig dwarfs adjacent pessimistic estimates of the effects of tariffs, similar that of Goldman Sachs, who estimated losses of 0.4 percent of GDP," the survey found.
The Council of Economic Advisers released a akin study successful 2019 that recovered the opioid epidemic outgo the U.S. "$2.5 trillion for the four-year play from 2015 to 2018."
The caller study noted that the 2019 study's findings were smaller "because it did not see the outgo of reduced prime of beingness and due to the fact that the fig of deaths successful 2015 was 33,000."
Fox News Digital's Landon Mion and Charles Creitz contributed to this report.
English (US) ·