CVS and Walgreens , Agree to Pay a Combined , $10.7 Billion Opioid Crisis Settlement .
NBC reports that CVS and Walgreens will pay $10.7 billion to settle allegations that the pharmacies failed to adequately oversee prescriptions for opioids.
NBC reports that CVS and Walgreens will pay $10.7 billion to settle allegations that the pharmacies failed to adequately oversee prescriptions for opioids.
The funds will go towards opioid crisis abatement and remediation programs. Funds will reportedly be distributed among various state and local governments and federally recognized tribes.
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NBC reports that CVS will pay $4.9 billion to states and political subdivisions, in addition to $130 million to tribes.
Meanwhile, Walgreens will pay out $4.95 billion, on top of over $750 million in fees for attorneys and costs.
In addition to fines, both pharmacies will also implement controlled substance compliance programs to review opioid prescriptions and provide mandatory training.
The opioid epidemic has tragically affected too many Illinois families that have experienced addiction or even the death of a loved one, Kwame Raoul, Illinois Attorney General, via NBC.
This $10.7 billion settlement with Walgreens and CVS builds upon the important progress we’ve already achieved with previous settlements, but more importantly, it holds both companies accountable, Kwame Raoul, Illinois Attorney General, via NBC.
NBC reports that the overdose death rate from opioids tripled between 2011 and 2020.
In 2011, the nonprofit State Health Access Data Assistance Center found 7.3 deaths per 100,000 people were opioid related.
By 2020, that number had climbed to 21.4 deaths per 100,000 people
