A bipartisan coalition of attorneys general, including Colorado's Phil Weiser, finalized national opioid settlements with CVS and Walgreens, securing $10.7 billion nationwide.
Colorado Attorney General Phil Weiser said under the agreements, CVS will pay $5 billion and Walgreens will pay $5.7 billion.In addition to Weiser, negotiations were led by the attorneys general from North Carolina, California, Connecticut, Delaware, Illinois, Indiana, Iowa, Kentucky, Louisiana, Massachusetts, Nebraska, New York, Ohio, Pennsylvania, Rhode Island, Tennessee, and Texas."The companies that helped create and fuel the opioid crisis need to step up to fix it," he said.
CVS, Walgreens and Walmart have all agreed to court-ordered injunctive relief that requires the pharmacies to monitor, report, and share data about suspicious activity related to opioid prescriptions, according to the Colorado Attorney General's Office. Most of Walmart's amount will be paid within the first year, CVS's payments will be spread over 10 years and Walgreens' payments will be spread over 15 years.
"All settlement funds Colorado receives will be distributed according to the same opioid framework agreed to by the State and Colorado’s local governments in August 2021, and funds must be used to address the opioid crisis, including prevention, harm reduction, treatment, and recovery services," the Colorado Attorney General's Office said.
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