Attorney General Josh Stein on North Carolina’s share of opioid settlement Elly Cosgrove © Provided by Wilmington WECT North Carolina s share of the settlement is $750 million
WILMINGTON, N.C. (WECT) - As the country sees a record number of overdose deaths, there is one bright spot in the ongoing opioid crisis.
North Carolina Attorney General Josh Stein announced a $26 billion agreement with several major opioid distributors on Wednesday. Stein led the negotiations along with several other attorneys general across the country.
North Carolina’s share of that settlement money is $750 million. Of that, 15% will go directly to the state, “which the General Assembly would appropriate to address the epidemic,” a release said. Eighty-percent of of the $750 million will be split accordingly between all the counties and municipalities in the state. How much money local governments receive depends on the harm done relative to the population.
Tentative opioid lawsuit settlement announced as deaths from drug overdose climb
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Updated Experts: Spend opioid settlement funds on fighting opioids
As a $26 billion settlement over the toll of opioids looms, some public health experts are citing the 1998 agreement with tobacco companies as a cautionary tale of runaway government spending and missed opportunities for saving more lives.
Mere fractions of the $200 billion-plus tobacco settlement have gone toward preventing smoking and helping people quit in many states. Instead, much of the money has helped to balance state budgets, lay fiber-optic cable and repair roads.
And while the settlement was a success in many ways smoking rates have dropped significantly cigarettes are still blamed for more than 480,000 American deaths a year.
U.S. state officials urge support for landmark $26 billion opioid settlement
By Nate Raymond
Reuters
(Reuters) -A group of state attorneys general unveiled on Wednesday a landmark $26 billion settlement with large drug companies for allegedly fueling the deadly nationwide opioid epidemic, but the deal still requires support from thousands of local governments.
Under the settlement proposal, the three largest U.S. drug distributors McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp are expected to pay a combined $21 billion, while drugmaker Johnson & Johnson would pay $5 billion.
The money is expected to be used on addiction treatment, family support, education and other social programs.
By Nate Raymond
July 21 (Reuters) - A group of state attorneys general unveiled on Wednesday a landmark $26 billion settlement with large drug companies for allegedly fueling the deadly nationwide opioid epidemic, but the deal still requires support from thousands of local governments.
Under the settlement proposal, the three largest U.S. drug distributors McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp are expected to pay a combined $21 billion, while drugmaker Johnson & Johnson would pay $5 billion.
The money is expected to be used on addiction treatment, family support, education and other social programs. There s not enough money in the world, frankly, to address the pain and suffering, said Connecticut Attorney General William Tong, but added that the money will help where help is needed.
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