Attorney General Treg Taylor announced earlier this month that a $26 billion agreement has been made to settle claims involving poor practices by three major distributors related to the opioid epidemic. Alaska will see part of those settlement funds.
ANCHORAGE, Alaska - A huge opioid settlement has received final approval after three years, giving the state of Alaska millions of dollars in funds.
Alaska Attorney General Treg Taylor announced March 1 that a $26 billion agreement has been made to settle claims involving poor practices by three major distributors related to the opioid epidemic: Cardinal, McKesson and AmerisourceBergen, as well as Johnson & Johnson, a big manufacturer and marketer of opioids.
Alaska received a total of $58 million from the settlement and the money will be coming into local and state governments in the second quarter of this year, after the three companies begin sending money to a national administrator on April 2. According to the press release, 15% of that will go to nine political subdivisions in Alaska who participated in the agreement and the remainder will be used to help Alaskans recover from the side effects of opioid addiction.
The agreement requires that Johnson & Johnson will no longer sell opioids and will not provide funds to third parties who promote them, and that Cardinal, McKesson and AmerisourceBergen must use data-driven systems to detect suspicious opioid orders from customer pharmacies. It also will stop pharmacy’s ability to receive shipments and report companies who show signs of deviation from these rules.Copyright 2022 KTUU. All rights reserved.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alaska House debates bringing back limits to campaign donations - Alaska Public MediaIn July, a three-judge panel struck down Alaska’s individual campaign contribution limit of $500 per candidate each year. Now the Alaska House is debating a bill that would bring campaign contribution limits back to the state.
Read more »
Alaska lawmakers applaud Biden administration ban on Russian seafood imports - Alaska Public MediaJust how the ban will play out on the market could come down to the type of seafood. Bruce Schactler, with the Alaska Seafood Marketing Institute, said there’s a spiny red elephant in the room — Russia’s enormous king crab fishery.
Read more »
Addressing Alaskans: Hear the Anchorage Economic Development Corporation's 2022 economic forecast - Alaska Public MediaOn our latest episode of Addressing Alaskans, the CEO of the Anchorage Economic Development Corporation gives an update on how the city's economy has changed since last year and presents the results of employment, housing and business reports.
Read more »
Alaska Board of Fisheries seat remains vacant more than one month after deadline to appoint successorAlaska Board of Fisheries members are nominated by the governor and confirmed by the Legislature. There’s still a vacancy on the board 40 days after the governor was supposed to appoint a successor.
Read more »