free counter
World

CVS, Walmart reach $147.5M opioid settlement with West Virginia

CHARLESTON, W.Va. Walmart and CVS Pharmacy have settled with hawaii of West Virginia for a combined total of $147 million in case on the companies roles in adding to the oversupply of prescription medications that fueled the opioid epidemic in the countrys most impacted state, Attorney General Patrick Morrisey announced Tuesday.

Walmart and CVS were two lawsuits which were part of a more substantial trial that has been pushed back again to June of next year alongside Kroger and Walgreens. Morrisey recently announced funds with Rite Aid for $30 million to solve similar litigation.

The lawsuits allege the pharmacies contributions to the oversupply of prescription opioids in hawaii have caused significant losses through their past and ongoing treatment costs, including for minors born dependent on opioids, rehabilitation costs, naloxone costs, medical examiner expenses, self-funded state insurance charges and other types of losses to handle opioid-related afflictions and lack of lives.

It brings the full total settlements by hawaii in opioid lawsuits to $875 million, including $296 million with manufacturers, $400 million with wholesalers and $177.5 million involving pharmacies.

These settlements wont recreate the lives lost from the opioid epidemic, but these along with other settlements will hopefully provide significant help those affected probably the most by this crisis inside our state, Morrisey said throughout a news conference. This development also avoided an expensive and lengthy trial and by the end of your day, West Virginia could have the best per capita settlement results in the country fighting for the people.

Walmart decided to funds of just over $65 million and CVS for $82.5 million. Morrisey said the offer with CVS carries a provision which means West Virginia can still get money from any future national settlements that arise.

The amount of money from all opioid settlements will undoubtedly be distributed through the entire state to abate the opioid crisis.

In August, West Virginia cities and counties reached a $400 million tentative settlement with three major U.S. drug distributors: AmerisourceBergen, Cardinal Health insurance and McKesson. In April, Morrisey announced hawaii would receive $99 million in funds finalized with Johnson & Johnsons subsidiary Janssen Pharmaceuticals Inc.

Read More

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker