Olivia walks through the backyard of her home in Columbus, Ohio, Tuesday, Oct. 24, 2023, where she lives with her grandfather Joe Smith. Smith did not picture raising Olivia, but when his daughter’s substance use disorder meant she couldn’t care for her child, that’s where he and his late wife found themselves nineteen years ago. Joe Smith kisses his dog Presley as he drinks a cup of White Castle coffee in his truck after work in Columbus, Ohio, Tuesday, Oct. 24, 2023.
The study also found that just one-third of those billions is borne by the government, with the remainder falling on the shoulders of individuals and the private sector. “The more we talk about it and every industry starts talking about it, the more successful we will be in combating the stigma and the more comfortable people will be reaching out and getting the treatment they need,” Seidt said.
Financial advisers have had to come up with ways to combat a multitude of financial crises, like increasing cybersecurity breaches or investment fraud targeting the elderly. Hollister said he sees addiction as the next crisis the country will need to set protocol for in the financial world, and he believes Ohio is a leading example for what other states should adopt.
His first round of treatment cost $10,000 out of pocket, even partially covered by private insurance. The second round was in a treatment facility in another state. Travel costs added up — plane tickets, hotel stays and food. Later, an intensive outpatient treatment cost another $5,000. When he was 18, she transferred him to Medicaid after a recommendation from another treatment facility, which helped ease some of the financial burden.