The proliferation opioid-related drug overdoses prompted President Trump to consider opioids a national crisis:
Drug overdose the leading cause of accidental death in the U.S. According to the National Institute on Drug Abuse in 2015 the number of drug overdoses were 52,404, up from 23,518 in 2002 – a 6% compound annual growth rate (“CAGR). Of the 2015 figures prescription drug overdoses and opioid prescription drug overdoses as a total of all drug overdoses were 57% and 45%, respectively. In 2002 total overdoses of prescription drugs and overdoses of opioids as a percentage of total drug overdoses were 49% and 32%, respectively. Overdoses of opioids grew faster than total overdoses. Some experts believe the increase in opioid prescriptions could be driving the increase.
Overdoses from prescription opioids have coincided with the proliferation of opioid prescriptions. According to The Economist between 1991 and 2011 opioid prescriptions supplied by retail pharmacies increased from 76 million to 219 million – a 5.4% CAGR.
To overcome the opioid crisis it will take making the public more aware of the potency of these drugs, reducing prescriptions and hopefully keeping more of them off the street. Rest in peace to Juice WRLD, Prince, Lil Peep et, al.
On Trump And The GE
The opioid crisis is dominating the financial news cycle. Opioid manufacturers, distributors and pharmacies are facing thousands of lawsuits from cities, town, and counties across the country. A bellwether trial involving Cuyahoga and Summit counties in Ohio is set for October. Defendants can either settle out of court of face the potential wrath of Judge Dan Polster who is overseeing the trials. In September Purdue Pharma entered a global settlement for $3 billion up front. A negotiating class has been agreed upon and a $48 billion opioid settlement appears to be on the horizon.
Last month Trump And The GE Parses The Opioid Crisis took place in the NYC. The Brooklyn Land Baron, Torian Mitchell and Shock Exchange parsed through the opioid crisis, negotiating class set up by Judge Dan Polster, the proposed $48 billion opioid settlement and why certain state AGs like Letitia James continue to hunt Purdue and the Sacklers to the ends of the earth. This is Trump And The GE, otherwise known as This That Heat.