Hypodermic needles on the ground in the South Bronx on March 13, 2019. Photo: Spencer Platt/Getty Images

The opioid epidemic cost the U.S. economy at least $631 billion from 2015 to 2018, and it'll cost another $172–$214 billion this year, according to a new analysis by the Society of Actuaries.

Why it matters: There's a serious financial incentive to address the opioid crisis, as well as a moral one.

By the numbers: A third of the spending between 2015 and 2018 was on excess health care used by people with opioid use disorder and their family members.

  • Mortality costs — mostly lifetime earnings lost to premature deaths — accounted for another 40% of the costs, while lost productivity made up 15%.
  • Billions of dollars were also spent on criminal justice-related activities and child and family assistance programs.

Go deeper: The youngest victims of the opioid epidemic

Go deeper

Updated 8 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 5:30 p.m. ET: 18,160,139 — Total deaths: 690,724 — Total recoveries — 10,755,137Map.
  2. U.S.: Total confirmed cases as of 5:30 p.m. ET: 4,698,244 — Total deaths: 155,191 — Total recoveries: 1,468,689 — Total tests: 56,812,162Map.
  3. Politics: White House will require staff to undergo randomized coronavirus testing — Pelosi says Birx "enabled" Trump on misinformation.
  4. Business: Virtual school is another setback for retail — The pandemic hasn't hampered health care.
  5. Sports: 13 members of St. Louis Cardinals test positive, prompting MLB to cancel Tigers series — Former FDA chief says MLB outbreaks should be warning sign for schools.
1 hour ago - Sports

13 members of St. Louis Cardinals test positive for coronavirus

Photo: Hannah Foslien/Getty Images

Seven players and six staff members from the St. Louis Cardinals have tested positive for the coronavirus over the past week, prompting the MLB to postpone the team's upcoming four-game series against the Detroit Tigers.

Why it matters: Seven consecutive Cardinals games have now been canceled after St. Louis became the second team to report a significant coronavirus outbreak, just two weeks into the season.

2 hours ago - Podcasts

White House adviser Peter Navarro talks TikTok

President Trump has relaxed his threat to immediately ban the popular social media app TikTok, giving Microsoft room to negotiate an acquisition from Chinese tech giant ByteDance.

Axios Re:Cap digs into the situation with Peter Navarro, the White House's top trade adviser and a noted China hawk, who suggests Microsoft should be forced to make unrelated concessions related to its China operations.