Washington, District of Columbia 2021-07-29 08:56:23 –
On Monday, the Beaufort County Commission will consider signing a $ 26 billion national opioid settlement that can fund the county’s opioid reduction efforts.
The domestic settlement will involve pharmaceutical companies Cardinal, McKesson, AmerisourceBergen, and Johnson & Johnson, which manufactured and sold opioids.
North Carolina has signed the agreement. If signed by all local governments, the state would receive approximately $ 750 million from the settlement. These funds will be distributed in accordance with a memorandum of understanding between the state and local governments. As of July 21, more than 53 local governments have already agreed to the memorandum.
According to the Memorandum of Understanding, 15% of the settlement funds will be sent to the state and the General Assembly will be able to allocate the funds to address the opioid crisis. Eighty percent of the settlement will be sent to the local government, including all 100 counties, assigned using the “formula prepared by a lawyer representing the local government in domestic proceedings”. In addition, 5% participate in incentive funds for any county and any municipality within a county that has already received a settlement fund. In this fund, the county itself and all municipalities with at least 30,000 residents sign a memorandum of understanding.
The Memorandum of Understanding requires that recipients of the Settlement Fund use their money to combat the opioid epidemic. There are two options that the recipient can choose from.
“Under Option A, local governments can fund one or more strategies from a shorter list of evidence-based, influential strategies to combat the epidemic,” the memorandum said. I am. “Under Option B, local governments can fund one or more strategies from a longer strategic list after engaging in a joint strategic planning process involving diverse stakeholders at the local level. . “
A settlement agreement was reached on July 22nd. From that point on, the state has 30 days to sign on to the transaction, and participating state municipalities can participate in up to 150 days.
“The opioid epidemic has torn families and killed thousands of North Carolina citizens,” North Carolina Attorney General Josh Stein said in a statement announcing the agreement. “Our state-wide family shared with me their tragic story about their loved ones suffering from the horrific illness of addiction or overdose and dying. The outbreak and promotion of this crisis. It is my sincere honor on behalf of them to lead these negotiations to hold the companies that have contributed to accountability.
“Even if the amount isn’t enough, the settlement will allow these pharmaceutical companies to provide the long-awaited treatment and recovery services to the North Carolina community and change their business practices to ensure that this never happens. You will be forced to pay a historic amount. It will happen again. “
With each release, the national reconciliation resolves the claims of both state and local governments across the country.
“The county is involved in it. The county was one of the petitioners and one of the plaintiffs,” Beaufort County lawyer David Francisco told Daily News. “We are happy with what the settlement was. We need to understand some other angles and make sure that we all agree with that part.”
According to a release from Stein’s office, the three distributors will pay up to $ 18 billion over 18 years as part of the settlement. Johnson & Johnson will pay up to $ 5 billion in nine years and up to $ 3.7 billion in the first three years.
County to consider signing onto opioid settlement – Washington Daily News Source link County to consider signing onto opioid settlement – Washington Daily News