Walgreens’ and CVS’ roles in the opioid crisis may cost them billions

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Walgreens’ and CVS’ roles in the opioid crisis may cost them billions
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The opioid epidemic has killed hundreds of thousands of Americans since 1999.

also shows that an estimated 9.5 million Americans age 12 and older reported in to have misused opioids in 2020.

Pending the finalization of the settlement, CVS would distribute roughly $4.9 billion to states and local governments and about $130 million to Native American tribes over the next 10 years starting in 2023. Attorneys’ fees are included in the CVS settlement numbers.

“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.”Walgreens has tentatively agreed to pay $4.79 billion to states and $154.5 million to tribes and an additional $753.5 million in attorneys’ fees.

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