A life-saving drug for overdoses doesn’t reduce opioid deaths? Be skeptical.

Naloxone can be a “moral hazard,” a new paper concludes.

One of the most important tools for addressing the opioid-overdose epidemic in the US is a drug called naloxone. It’s a prescription medication that reverses the effects of an opioid overdose — kicking opioids off certain receptors in the brain and thereby bringing people back from the brink of death. Every state in the country has altered its laws in recent years to make naloxone easier to access.

But now two economists are...


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