Posted on Dec 13, 2022
CVS and Walgreens agree to pay $10 billion to settle lawsuits linked to opioid sales
693
22
2
9
9
0
https://www.npr.org/2022/12/13/ [login to see] /cvs-walgreens-opioid-crisis-settlement
CVS and Walgreens have agreed to pay more than $10 billion to several states in a settlement of lawsuits brought against them alleging their roles in the opioid crisis.
CVS would pay nearly $5 billion over 10 years, while Walgreens would pay $5.7 billion over 15 years, according to statements released by state attorneys general.
"As one of the largest pharmacy chains in the nation, we remain committed to being a part of the solution, and this settlement framework will allow us to keep our focus on the health and wellbeing of our customers and patients, while making positive contributions to address the opioid crisis," Walgreens said in a November statement.
However, neither company has admitted to wrongdoing.
CVS and Walgreens have agreed to pay more than $10 billion to several states in a settlement of lawsuits brought against them alleging their roles in the opioid crisis.
CVS would pay nearly $5 billion over 10 years, while Walgreens would pay $5.7 billion over 15 years, according to statements released by state attorneys general.
"As one of the largest pharmacy chains in the nation, we remain committed to being a part of the solution, and this settlement framework will allow us to keep our focus on the health and wellbeing of our customers and patients, while making positive contributions to address the opioid crisis," Walgreens said in a November statement.
However, neither company has admitted to wrongdoing.
CVS and Walgreens agree to pay $10 billion to settle lawsuits linked to opioid sales
Posted from npr.org
CVS Health
Walgreens
Pharmaceuticals
Drugs
Lawsuit
Posted >1 y ago
Responses: 2
7
7
0
PO1 William "Chip" Nagel good day Brother William, always informational and of the most interesting. Thanks for sharing, have a blessed day!
(7)
(0)
6
6
0
PO1 William "Chip" Nagel
..."The amount awarded to governments is based on their population and the severity of the opioid crisis there. States will get bigger amounts if more of their local governments agree.
The Walgreens payments could total up to $5.52 billion over 15 years. The CVS payments could reach $4.9 billion over 10 years.
The companies also have announced plans for payments to Native American tribes totaling more than $250 million.
Like other opioid settlements, the agreements call for governments that receive money to use it to fight the drug crisis.
Under the deals, about $1.2 billion would be set aside for lawyers’ fees and legal expenses.
The companies also have agreed to monitor, report and share data about suspicious activity related to opioid prescriptions.
“CVS and Walgreens flooded our cities and towns with bottles upon bottles of pills with callous disregard for the suffering their actions caused,” Connecticut Attorney General William Tong said. “Our settlement mandates significant changes to their business practices, including court-ordered monitoring to ensure the checks and balances that should have been in place all along will now be aggressively enforced.”
..."The amount awarded to governments is based on their population and the severity of the opioid crisis there. States will get bigger amounts if more of their local governments agree.
The Walgreens payments could total up to $5.52 billion over 15 years. The CVS payments could reach $4.9 billion over 10 years.
The companies also have announced plans for payments to Native American tribes totaling more than $250 million.
Like other opioid settlements, the agreements call for governments that receive money to use it to fight the drug crisis.
Under the deals, about $1.2 billion would be set aside for lawyers’ fees and legal expenses.
The companies also have agreed to monitor, report and share data about suspicious activity related to opioid prescriptions.
“CVS and Walgreens flooded our cities and towns with bottles upon bottles of pills with callous disregard for the suffering their actions caused,” Connecticut Attorney General William Tong said. “Our settlement mandates significant changes to their business practices, including court-ordered monitoring to ensure the checks and balances that should have been in place all along will now be aggressively enforced.”
(6)
(0)
Read This Next
Continue with Facebook 
Continue with Google