CVS, Walgreens announce opioid settlements totaling $10 billion

Neither CVS nor Walgreens is admitting wrongdoing… and a lawyer said Walmart is in discussions for a deal.

CVS Health and Walgreen Co. announced agreements in principle Wednesday [Nov. 2, 2022] to pay about $5 billion each to settle lawsuits nationwide over the toll of opioids… the proposed pacts bring a nationwide tally of finalized and completed settlements between companies and governments to more than $50 billion. Opioids have been linked to more than 500,000 deaths in the U.S. over the past two decades. Most of the deaths initially involved prescription drugs. As governments, doctors and companies took steps to make them harder to abuse and obtain, people with opioid use disorder increasingly switched to heroin, which proved more deadly. In recent years, opioid deaths have soared to record levels around 80,000 a year. Most of those deaths involve illicitly produced version of the powerful lab-made drug fentanyl, which is appearing throughout the U.S. supply…

Original Article (Newsday):
CVS, Walgreens announce opioid settlements totaling $10B
Artwork Fair Use: David S. Soriano