Opioid crisis settlements have totaled over $50 billion. But how is that money being used?
CBSN
A series of settlements from lawsuits related to the opioid crisis have flooded billions into the United States. This influx of money, advocates say, presents a unique opportunity for the U.S. to fund treatment solutions for substance use disorder and the overdose epidemic.
The settlement money comes from a number of legal battles around the nation and the world. Companies including Purdue Pharma, Johnson & Johnson and Walgreens have settled, to the tune of billions of dollars, for their role in fueling the opioid crisis through actions like downplaying the risks of prescription opioids and promoting the use of the drugs.
Christine Minhee, attorney by training and founder of OpioidSettlementTracker.com, has compiled data on the settlements tracking the amount of money allocated and where states have decided to spend it. According to her data, which is used by state governments and the Centers for Disease Control and Prevention, the total pot of funds available from the settlements has reached around $54 billion dollars, with nearly half of the money coming from a $26 billion dollar 2022 settlement with drug manufacturers and distributors, and more funds expected from ongoing legal battles.
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