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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
Healthopioid epidemic

How the U.S. Postal Service Became Entangled in the Opioid Epidemic

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
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January 25, 2018, 2:04 PM ET
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There’s little argument that opioids are overprescribed in the United States, but it can still be challenging for some Americans to get the medication after their prescriptions run out, especially with increased scrutiny of late.

That has opened a gray market in China, where users can easily buy drugs like fentanyl online without a prescription and have them delivered via the U.S. Postal Service.

Investigators for the Senate Homeland Security subcommittee have traced transactions between Chinese sellers and American buyers and found sales that were responsible for at least seven overdoses in the past year.

Over 500 transactions went to 43 states, with users spending some $230,000.

The majority of the Chinese dealers preferred payments in Bitcoin, though many accepted credit cards, PayPal, and other more traditional payment methods. The drugs were sent through the local postal system, then via U.S. Mail rather than couriers, which were more likely to be intercepted by U.S. Customs agents.

The subcommittee’s report says the postal service is failing to “recognize and prepare for” packages that contain illegal drugs, including fentanyl.

“We now know the depth to which drug traffickers exploit our mail system to ship fentanyl and other synthetic drugs into the United States,” said subcommittee Chairman Rob Portman. “The federal government can, and must, act to shore up our defense against this deadly drug and help save lives.”

Portman did not seem to be blaming the USPS, but rather saying the agency was unequipped to check for illegal substances being shipped, given the volume of mail it handles each day.

The postal service, in a statement, said it is “working aggressively” to stem the flow of illegal drugs, but noted it is restricted in some ways its competitors are not. The USPS also has a very clear policy stating that if a controlled substance is unlawful (as these opioids are), then the mailing of them is also unlawful.

“The Postal Service is very different from commercial operators like UPS and FedEx, because they have direct relationships with their international customers and can require them to provide advance electronic data (AED) before accepting their packages,” it said. “The Postal Service receives international packages from foreign posts, and must therefore secure cooperation from them, including through bilateral and multilateral negotiations, to obtain AED. In the last three years, we have gone from receiving almost no AED on inbound shipments to achieving current levels at approximately 40%.”

AED provides information such as the name and address of the shipper and recipient, making it easier to flag mailings to and from persons of interest.

Portman is proposing a bill that would require foreign postal systems to send AED before packages reach the U.S. That, he says, would allow agents to be more aware of which incoming parcels might contain narcotics.

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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