State AGs urge support for landmark $26 billion opioid settlement
By Nate Raymond
Reuters
(Reuters) -A group of state attorneys general unveiled on Wednesday a landmark $26 billion settlement with large drug companies for allegedly fueling the deadly nationwide opioid epidemic, but the deal still requires support from thousands of local governments.
Under the settlement proposal, the three largest U.S. drug distributors, McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp, are expected to pay a combined $21 billion, while drugmaker Johnson & Johnson would pay $5 billion. There s not enough money in the world, frankly, to address the pain and suffering, said Connecticut Attorney General William Tong, adding that the money will help where help is needed.
By Nate Raymond (Reuters) -A group of state attorneys general unveiled on Wednesday a landmark $26 billion settlement with large drug companies for allegedly fueling the deadly nationwide opioid epidemic, but the deal still requires support from thousands of local governments. Under the settlement proposal, the three largest U.S. drug distributors McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp are expected to pay a combined $21 billion, while drugmaker Johnson & Johnson would pay $5 billion. The money is expected to be used on addiction treatment, family support, education and other social programs. There s not enough money in the world, frankly, to address the pain and suffering, said Connecticut Attorney General William Tong, but added that the money will help where help is needed.
State AGs Unveil Landmark $26 Billion Opioid Settlement
A group of state attorneys general unveiled on Wednesday a landmark $26 billion settlement with large drug companies for allegedly fueling the deadly nationwide opioid epidemic, but the deal still requires support from thousands of local governments.
Under the settlement proposal, the three largest U.S. drug distributors, McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp, are expected to pay a combined $21 billion, while drugmaker Johnson & Johnson (J&J) would pay $5 billion.
“There’s not enough money in the world, frankly, to address the pain and suffering,” said Connecticut Attorney General William Tong, adding that the money will “help where help is needed.”
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Proposed $26B opioid settlement announced
A group of state attorneys general have announced a proposed $26 billion settlement between states and four companies that make and distribute opioids. Johnson & Johnson is among the companies that would be released from liability as result of the settlement, which requires it to stop selling opioids. The settlement will support state and local efforts to address the opioid crisis, said Michael Ullmann, Johnson & Johnson executive vice president, in a statement. (The New York Times, New York attorney general press release)