CVS Health agrees pay about $5 billion over 10 years under a deal that, if accepted, would be one of the largest settlements over the opioid crisis.
Other pharmacies, including Rite Aid, Walgreens and Walmart have reached agreements with individual states.
“We are pleased to resolve these longstanding claims and putting them behind us is in the best interest of all parties, as well as our customers, colleagues and shareholders,” Thomas Moriarty, the CVS chief policy officer and general counsel said in a statement. “We are committed to working with states, municipalities and tribes, and will continue our own important initiatives to help reduce the illegitimate use of prescription opioids.
Under the settlement plan, CVS would pay $4.9 billion to state and local governments and about about $130 million to. The exact amount would depend on how many governmental entities accept the terms of the deal.
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