The costs in terms of public resources are rising sharply, and increasing all the time.”įrom budgetary and economic perspectives, Speaker also said there is substantial shift in resources to address the epidemic. “Aside from the devastating loss of so many lives, the skyrocketing public costs of this drug include protective gear for health and police officers, increased and advanced analysis equipment for hospital, police and medical examiner labs, and a landslide of cases to be tackled by labs that are already overwhelmed with earlier phases of the opioid epidemic. “The cost is unimaginable to emergency personnel and crime labs,” said Speaker, who has worked with crime labs from the West Virginia State Police to the European Union. Having studied the economic impact of the opioid epidemic, Speaker said the presence - and easy accessibility - of the synthetic drugs fentanyl and carfentanil have had devastating economic effects on West Virginia and other states. Paul Speaker, a professor of finance and an adjunct associate professor of economics at the WVU John Chambers College of Business and Economics, said the new wave is that of synthetic drugs. Researchers at West Virginia University have studied the overwhelming, detrimental effects of opioid abuse on this state and the nation, and a new wave of the epidemic may be the most daunting yet.
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