Financial adhesion of fentaline to American suddenly jumps to $ 2.7t at the height of Biden Admin: Study

First on the fox: Opioid crisis under Biden administration It just cost $ 2.7 trillion of US dollars only in 2023, a new study exclusively received by Fox News Digital Shows.

The Council of Economic Advisers, the Executive Office Agency advised by the President of Economic Policy on Friday, announced a studio announced that Opioid’s epidemic cost $ 2.7 trillion in 2023 when considered the costs related to loss of life, loss of quality In quality of life, loss of labor productivity, crime and health system costs.

The epidemic of Opioid has been raging for years, primarily inflamed by the application of fentanil, which is a synthetic opioid that mostly originates from China and comes to the US across the border with Mexico.

President Donald Trump It is in the middle of the use of tariffs on Canada, Mexico and China to enhance border security and stop the flow of fental in the United States, which prompted condemnation from the critics that the tariffs would lead to higher costs for US consumers dating from these three years of nation.

The study, however, claims that the costs of the epidemic of opioid “are dwarfy even pessimistic assessments of the effects of tariff.”

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“Ever since 2015 was the first entry into politics, President Trump has been dedicated to resolving an opioid epidemic that destroys American lives, family and community,” said the deputy secretary of the Kush Desai White House on Friday.

“While Democrats are hiding and bugs in hysteria because of its use of tariff forces to rescue American lives from whip of illegal drugs like Fentanil, President Trump will not move away from using any lever of the executive and legislative power to set Americans and America to set up Americans and America first – costs – costs Standing in this drug war obviously far outweighs excessive cost of fighting for American life, “he said.

The Study of Economic Advisers Council has used a report on the control and prevention of illness for 2017 that researchers have adapted to count the trends of inflation and death and dependence of opioid, from his release.

For example, loss of life in 2023. It cost $ 1.11 trillion of US dollars, and the study explained that the researchers multiplied 74.702 Opioid’s death that year “With the value of statistical life in the United States, then by adding productivity and health care costs that occur due to opioid deaths.”

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“We have adapted inflation to the value of $ 10.1 million of a statistical life number that secured NIH (2017) to $ 2025 ($ 13.0 million per life),” the study explained.

Another $ 1.34 trillion out of $ 2.7 trillion for loss of quality of life for those in the midst of opioid addiction compared to Americans who are healthy and not addicted.

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“The measure shows that life with Ouda [opioid use disorder] There are about 60 percent (0.626) of the quality of life of those who are in complete health, “the study revealed.” Another measure is how much Americans value a year of life in full health. Adapted to inflation, this value is estimated at $ 624,410 per person per year. Together these values ​​implies that the lost quality of life costs $ 234,478 a year for every person living with OUD. Then we multiply this value by the widespread OUD, estimated at 5.7 million in 2023. ”

Opiod crisis cost the US health system estimated at $ 107 billion in 2023, researched a study when the treatment of people with opioid use disorders, compared to the average annual treatment costs of patients who do not have opioid addiction.

“This amounts to $ 19,000 additional dollars a year per person with OUD,” is a detailed study. “These costs were primarily borne by private insurers, Medicaid and hospitals that provide incompetent care. In the end, these costs are transferred to all Americans through major insurance, taxes and health care costs.”

Loss of labor productivity Due to the opioid crisis, it cost $ 107 billion now, the study showed. Researchers have determined this figure by multiplying the number of productive working times lost due to death, addiction and prison related to opioids with average wages and fees for US employees.

The crime was a final component in the study. The report was found that police protection, court proceedings, the use of repair institutions and the loss of assets arising from the opioid crime cost $ 63 billion.

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“Huge economic costs of illegal opioid epidemics of Americans, estimated at $ 2.7 trillion only in 2023, draw an urgent need to control the flow of deadly drugs that are poured from foreign countries. Human suffering and financial burden applied with this epidemic are not unusual,” the conclusion Studies determined.

Trump and its administration are in the midst of the border security flash, and the law agencies have extended from the Ministry of Internal Security to US Marshals who have conducted raids throughout the nation to deport the illegal immigrants and prevent the flow of other illegal migrants entering the country.

As part of the immigration plan, Trump announced Tariffs in Mexico, Canada and China at the end of January, which included 25% additional tariff on imports from Canada and Mexico and 10% of imports from China. Energy resources from Canada were to have a lower tariff at 10%.

The executive command approved by the tariff, which Trump signed on Saturday, said they were created in the light of “extraordinary” threats arising from “illegal foreigners and drugs, including a deadly fentanil”.

“This challenge threatens the fabric of our society,” the executive order states. “Gang members, smugglers, people traders and illegal drugs of all kinds have poured over our borders and in our community.

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“Canada has played a central role in these challenges, including missing enough attention and resources or meaningfully coordinating with partners to implement law in the United States to effectively stop swimming of illegal drugs.”

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Both Canada and Mexico agreed concessions with Trump on Monday, The day before the tariffs were in force, promising to send additional security staff to their borders with the US Trump, they agreed that they would pause Tariffs to two countries for a month in the light of the border security concession.

China, on the other hand, imposed tariffs to some American imports in response to Trump’s Tariff. Chinese Ministry of Finance He said shortly after the tariff began that he would impose a 15% tariff for coal and liquefied natural gas and 10% for raw oil, agricultural equipment and cars of large engines imported from the USA

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Tariff’s critics scored them as they have led to the higher costs of US consumers, stating that goods extending from Mexican beer, Canadian wood and imported Chinese electronics will increase the costs of Americans.

“This will affect beer, okay,” said the leader of the Senate minority, Chuck Schumer, Dn.y., during a press conference at his New York office on Sunday, warning on Tariff and holding a high can of Corone Extra. “Most of that, Corona here, comes from Mexico.”

“It will affect your Guac – because what Guacamole is made? Avocado. If you have pizza, it will affect cheese costs,” he said.

Goldman Sachs estimated that he would now transfer a 0.4% goal to GDP over the tariff.

The study of economic counselors, however, claimed that the costs were related to the costs of the epidemic of Opioid relating to the tariffs.

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“This number of dwarf even pessimistic assessments of the effects of tariffs, such as the Goldman Sachs, which estimated the losses of 0.4 percent of GDP,” the study showed.

The Council of Economic Advisers published a similar report in 2019, which revealed that the epidemic of Opioida cost now “$ 2.5 trillion for a four -year period from 2015 to 2018”

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The recent report stated that the finding of the 2019 study was smaller “because it did not include the cost of reduced quality of life and because the number of deaths in 2015 was 33,000.”

Fox News Digital’s Landon Mion and Charles Creitz contributed to this report.