Economics of Painkiller Abuse

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By Douglas A. McIntyre Published
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The regions of the U.S. in which painkiller use is extremely high also tend to be the poorest sections of the nation. Some of the reasons for this are not hard to fathom. Painkillers can be expensive, but people in areas where the median household income is below half the national average are often four times as likely to use the painkillers as residents of more affluent states.

The CDC released its study of painkiller use and drug overdoses with great fanfare. “Deaths from prescription painkillers have reached epidemic levels in the past decade. The number of overdose deaths is now greater than those of deaths from heroin and cocaine combined,” the agency reported. Much of this overuse is caused by nonprescription use of the pills. The demography of the regions where use is highest was not mentioned in the report at all.

Information from the CDC’s “Prescription Painkiller Overdoses in the U.S.” includes a map of painkiller use by state. Among the top 10 are West Virginia, Kentucky, Tennessee, Arkansas, Oklahoma and Alabama. Each of these are among the states with the lowest median income. Florida and Maine are also listed. Each is in the bottom half of states ranked by median income.

One conclusion that could be drawn from the study is that painkiller abuse is part of the pattern of misery in these poorest states. Other parts of the pattern include obesity, trouble in the housing markets and high unemployment. This is another example of how the federal government can identify areas of America that are in trouble without setting a policy to address how those areas might be helped. Like housing and poverty, abuse of painkillers is not a national problem; it is local.

At the end of the CDC study, the agency reports that it is “Tracking prescription drug overdose trends to better understand the epidemic.” Some of the most important trends are already obvious.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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