Home » Health News » US states to unveil $26 billion opioid settlement with drug distributors, J&J – sources
US states to unveil $26 billion opioid settlement with drug distributors, J&J – sources
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U.S. state attorneys general and lawyers for local governments are expected this week to unveil a landmark, $26 billion settlement resolving claims that the three largest U.S. drug distributors and drugmaker Johnson & Johnson helped fuel a nationwide opioid epidemic, people familiar with the matter said.
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Under the settlement proposal, distributors McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp are expected to pay a combined $21 billion, while Johnson & Johnson said it would pay $5 billion.
More than 40 states are expected to support the settlement, the source said, while others could opt to move forward with their own cases.
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States will have 30 days to decide whether to join the global accord then more time to try to convince their cities and counties to participate in the deal, the sources said.
McKesson has previously said that of the $21 billion the three distributors would pay over 18 years, more than 90% would be used to remediate the opioid crisis while the rest would be used to pay plaintiffs' attorney fees and costs.