Friday, October 13, 2017

Are Opioids the New Normal?

$50,000


That was the average cost nearly one million people spent on prescription drugs in 2016.  ($50,000 is more than a lot of people make in a year).  Between 2014 and 2016, the number of people with annual medication costs of $50,000 or greater increased by 35 percent.  Also in 2016,  two out of every one million Americans (total population 323.1 million) had pharmacy costs of at least $1 million.  These are some of the statistics gathered by Express Scripts in their research.

Taking prescription drugs appears to be the new normal in today's society.  Opioids, which include prescriptions painkillers and drugs like heroin and fentanyl, now kills more than one hundred Americans a day. 

On an average day in the U.S.

  • More than 650,000 opioid prescriptions are dispensed
  •  3900 people initiate non-medical use of prescription opioids
  • 580 people initiate heroin use
  • There were more than 20,000 deaths from prescription painkillers in 2015.
  • In Ohio alone, there were over 4000 deaths in 2016)
  • In 2015, more than 120 thousand young people between the ages of 12-17 were addicted to prescription painkillers. 
In all fairness, it should be noted that not everyone taking prescription drugs is or becomes addicted. There are plenty of people who take their medication as needed and when they heal from their injury or surgery, they stop taking them.  But the sad fact is more and more people are using prescription drugs illegally and there are doctors who are willing to feed their habit.

It should come as no surprise that baby boomers lead the way by accounting for nearly half of all annual pharmacy costs of $50,000 or more.  Millennials, on the other hand, account for just 10 percent of pharmacy costs.

So who's paying the cost for this new normal?  According to research by Express Scripts, Employers, insurers and government payers covered 98 percent or more of the costs for people whose prescription costs reached or exceeded $50,000 or more.  Some Employers pay a heavier price with an addicted employee through repeated absences or just not showing up for work at all.  That, of course, results in a higher turnover rate for the Company.

And let's not forget the families of those who are addicted.  Their costs are, often-times, life changing because of the emotional drama, ongoing medical expenses and even funerals to prepare for. 

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