In The News: Economy

View more in Economy

Narcan Made Available at Construction Sites Amid Opioid Crisis

in

Nov 19 2018

By Caroline Connolly, NECN

Last week, a report from the Massachusetts Taxpayers Foundation found that businesses in the state have been losing billions annually due to absent or unproductive workers who are addicted to opioids. According to Botticelli, companies like Shawmut can help turn things around.
Full article
Forward to a friend

Opioid epidemic costing Massachusetts employers billions

in

Nov 14 2018

By Colin Young, The Telegram / State House News Service

“MTF hopes this report catalyzes greater urgency and engagement from all segments of our society in the battle against the scourge of this epidemic — particularly among Massachusetts employers — by exploring and explaining the economic and fiscal impacts of the opioid epidemic on the state,” the group wrote. “We have no illusions that this crisis is fundamentally about economics. While the opioid epidemic is causing considerable costs across all major systems in our state, the primary costs of this crisis are its impact on human lives — and these are incalculable.”
Full article
Forward to a friend

Report: Opioid epidemic keeps jobs unfilled

in

Nov 14 2018

WBJournal

According to a new report, the opioid epidemic is costing Massachusetts businesses more than $2.5 billion annually. The report from Boston public policy nonprofit Massachusetts Taxpayers Foundation said that figure comes from lost productivity and absenteeism and presenteeism.
Full article
Forward to a friend

New Study Says Opioid Epidemic Is Costing Massachusetts Economy Billions

in

Nov 14 2018

By Paul Tuthill, WAMC

The study from the Massachusetts Taxpayers Foundation puts the cost to the state’s economy at $7 billion in lost business productivity. The report concludes the opioid crisis is far from over and is likely to get worse, as more lethal synthetic drugs such as fentanyl proliferate. The foundation is hosting a forum Friday in Boston on the opioid epidemic. Governor Charlie Baker and Attorney General Maura Healey are scheduled to participate.
Full article
Forward to a friend

Report: Opioid Epidemic Cost Massachusetts $15.2 Billion In 2017

in

Nov 14 2018

By Martha Bebinger, WBUR

"They're staggering," says Eileen McAnneny, MTF president, of the dollars spent on hospital care, EMTs, early intervention for infants and families, jails and the job productivity forfeited by individuals and employers. "We wanted folks to get a sense of the pervasiveness. It really impacts all major areas: health care, criminal justice, public safety and businesses."
Full article
Forward to a friend

Report: Opioid crisis costing state $2.5B a year

in

Nov 14 2018

By Steve LeBlanc, Daily Hampshire Gazette / AP

“There’s an old business school adage that you can’t manage what you can’t measure, so we thought that quantifying the cost and providing a sense of the magnitude would motivate employers to engage more on this issue,” said foundation president Eileen McAnneny. “The economic impact is a crisis itself.” One big reason the opioid epidemic should worry employers is that it threatens to make it harder to find and keep employees in an already tight labor market, McAnneny said.
Full article
Forward to a friend

Report shows opioid crisis is costing Mass. workforce billions in lost productivity

in

Nov 14 2018

By Jon Chesto, The Boston Globe

The taxpayers foundation estimates that opioid addiction kept nearly 33,000 people from participating in the labor force each year, on average, over the past five years. And the annual costs to health care providers total nearly $1 billion, some of which is paid by the taxpayer-funded MassHealth and other insurance programs.
Full article
Forward to a friend

Baystate Business: Opioid Impact

in

Nov 14 2018

Bloomberg

On the Wednesday, November 14 edition of Bloomberg Baystate Business we spoke with Eileen McAnneny, President of the Massachusetts Taxpayers Foundation, about their study on the economic impact of the opioid crisis on Massachusetts.
Full article
Forward to a friend

Mass. bond rating drops

in

Jun 13 2017

By Christian Wade, Newburyport News

The Democrat-controlled Legislature has siphoned more than $2.2 billion from the reserve fund to cover operating expenses between fiscal years 2012 and 2015, according to the Massachusetts Taxpayers Foundation, a nonpartisan watchdog.
Full article
Forward to a friend

The New Economy takes on Beacon Hill

in

Aug 26 2016

By Jon Chesto, The Boston Globe

“Massachusetts prides itself in being the hub of innovation,” said Eileen McAnneny, president of the business-backed Massachusetts Taxpayers Foundation. “I think these new industries represent that economy. There’s probably an inclination to spend some time and attention on them.”
Full article
Forward to a friend
See our site policy on external link content.