The Trump administration "will take a look" after billionaire investor Peter Thiel said the FBI and CIA should see if Chinese intelligence has infiltrated Google.Technologyread more
On Monday, the first day of Amazon's 48-hour shopping extravaganza this year, retailers that make more than $1 billion in annual revenues saw a 64% increase in their digital...Retailread more
Builder confidence for single-family homes rose just one point to 65 in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI)....Real Estateread more
Dimon is making his own bet on a digital coin that could transform the global payments landscape: JPM Coin.Financeread more
Expectations for lower interest rates and less fear about tariffs sent investors back into the market and set up what could be a profitable run ahead.Marketsread more
Southwest Airlines is delaying pilot hiring and captain upgrades with no end in sight to the grounding of the Boeing 737 Max.Airlinesread more
The U.S. and China have restarted their trade talks, but signs are showing a deal could be even harder to reach now.Marketsread more
The Federal Reserve's expected interest rate cuts appears to have impacted J.P. Morgan's forecast for 2019 net interest income.Financeread more
A crop of long-awaited technology companies coming to the public market this year created a "frothy" period, Bernstein said on TuesdayInvestingread more
GE hasn't had a year this good during this millennium. After that massive surge, one trader is warning investors to stay away.Trading Nationread more
Credit card sales volume rose 11% this quarter and merchant processing volume increased 12%, the bank says in its earnings statement.Banksread more
Health insurance claims for people hooked on prescription painkillers and heroin skyrocketed as the number of Americans who fatally overdosed on those opioids hit record highs, a new analysis reveals.
The number of private health insurance claims related to opioid dependence diagnosis soared by 3,204 percent from 2007 to 2014, the analysis found.
The same analysis by Fair Health also found other disturbingly sharp spikes upward in the number of private insurance claims related to opioid abuse, drug dependence by pregnant women and heroin overdoses since 2011.
"The United States is in the midst of an epidemic of opioid dependence, abuse and overdose," notes the analysis by Fair Health, a nonprofit group that focuses on transparency in health-care costs and health insurance information.
The group also pointed out that "unlike earlier opioid abuse epidemics, the present crisis is disproportionately affecting white, middle-class people in nonurban settings, including those with private health insurance."
Source: FAIR Health
More than 28,000 people died from opioid overdose deaths in 2014, which was a record, and a prime reason that Congress in late July passed the Comprehensive Addiction and Recovery Act. CARA is aimed at supporting efforts to limit opioid addiction, increase treatment and recovery, and expand access to a drug, naloxone, that reverses opioid overdoses.
Fair Health's analysis is based on millions of claims filed by people who have insurance through their work or a private individual health plan.
Source: FAIR Health
The more than 3,000 percent increase, from 2007 to 2014, for opioid dependence, relates to people with symptoms that include needing to take more prescription painkillers or heroin to achieve the same effect, withdrawal "and repeated unsuccessful efforts to quit," Fair Health noted.
The vast majority of such claims, 69 percent, came from adults between the age of 19 and 35.
And "men in all age groups continue to be more likely than women to be diagnosed as opioid dependent," Fair Health's analysis said. For example, among 19- to 45-year-olds, 67 percent of claims for opioid dependence came from men; just 33 percent were from women.
However, the analysis found that gap shrank the older women got. Between the ages of 46 and 55 years, for example, 55 percent of opioid dependence claims were for men, and women comprised 45 percent of the claims.
Pregnancy drug dependence diagnoses, which includes dependence on opioids, increased by 511 percent during the same time period.
Opioid abuse, which is considered a less severe condition than opioid dependence, "is identified by such symptoms as continued use despite recurrent social problems caused or exacerbated by the substance," the analysis said.
Private insurance claims related to opioid abuse rose by 317 percent from 2007 to 2014, according to Fair Health.
And overdoses related to heroin rose 530 percent, the analysis found. The overwhelming majority of heroin overdoses occurred among people between the ages of 19 and 35.