Regulations Should Promote Innovative Opioid Abuse Technologies
While ostensibly designed to help, often the regulatory state only makes matters worse. Unfortunately, this maxim applies to the impact from regulations on new technologies that could help lessen the nation’s large and growing opioid abuse crisis.
The total healthcare costs of prescription opioid abuse in 2007, which have likely increased since the crisis has continued to worsen, was estimated to be as high as $55.7 billion. These costs include higher health care expenses, reduced productivity at the workplace, and more spending on criminal justice and law enforcement programs. Opioid addiction is also driving the growing problem of drug overdose deaths, with nearly 19,000 deaths in 2014 attributed to overdoses on prescription pain medications.