Opioids for the Masses: Welfare Tradeoffs in the Regulation of Narcotic Pain Medications
Opioids for the Masses: Welfare Tradeoffs in the Regulation of Narcotic Pain Medications
复制标题
大众阿片类药物:麻醉止痛药监管中的福利权衡
DOI:
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发表时间:
2016
期刊:
影响因子:
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通讯作者:
A. Kilby
中科院分区:
文献类型:
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作者:
A. Kilby
Use of prescription opioid pain relievers to manage pain has increased fourfold since 1999, as medical guidelines have increasingly emphasized that appropriate pain management is required for an acceptable standard of care. However, a concomitant rapid rise in opioid abuse, addiction, overdose, and death has led to recent efforts to crack down on opioid prescribing. This paper sheds light on the tradeoffs of public policies that reduce the supply of medical opioids by investigating their health, labor, and welfare ramifications. I exploit state-level variation in the introduction of Prescription Monitoring Program (PMP) laws, and make use of several rich data sources, documenting that PMPs reduce the distribution of opioids, and achieve a key policy goal by reducing opioid overdose deaths by about 12%. I also find substantial costs resulting from these policies, including increased pain in the hospital setting, more missed days for injured and disabled individuals, and substitution towards more expensive medical care. A rough back-of-the-envelope welfare calculation suggests the welfare losses and gains from regulation are on the same order of magnitude approximately $12.1 billion per year in increased costs from inpatient and outpatient medical spending plus lost wages, compared to $7.3 billion per year in benefits from lives saved from opioid and heroin overdose. ∗Department of Economics, Massachusetts Institute of Technology. Email: akilby@mit.edu. I am grateful to Jon Gruber, Amy Finkelstein, and Heidi Williams for their advice, guidance and support throughout this project. I also thank Alex Bartik, Enrico Cantoni, Joseph Doyle, Ludovica Gazze, Sally Hudson, Manisha Padi, Jonathan Petkun, Jim Poterba, Brendan Price, Otis Reid, Natalia Rigol, Ashish Shenoy, Evann Smith, Melanie Wasserman, and the MIT Public Finance and Summer Applied Micro Lunch participants, for their helpful feedback. Funding support is gratefully acknowledged from the National Science Foundation Graduate Research Fellowship, and the National Institute on Aging Pre-Doctoral Fellowship.
影响因子:
2.3
作者:
Rosenblum A;Marsch LA;Joseph H;Portenoy RK
通讯作者:
Portenoy RK