CVS Health says it has agreed to pay about $5 billion to state, local and Native American tribal governments to settle lawsuits over the toll of opioids.
A CVS Pharmacy is shown in Mount Lebanon, Pa., on Monday May 3, 2021. On Wednesday, Nov. 2, 2022, CVS Health said it has agreed to pay about $5 billion to state, local and Native American tribal governments to settle lawsuits over the toll of opioids. CVS is not admitting wrongdoing and the company would make the payments over a decade.
CVS announced its proposed deal Wednesday as it released its quarterly earnings. The company did not admit liability or wrongdoing and said that nonfinancial terms remain to be resolved. In the lawsuits, governments said pharmacies were filling prescriptions that they should have flagged as inappropriate.
Opioids have been linked to more than 500,000 deaths in the U.S. over the past two decades. Most of the deaths initially involved prescription drugs. As governments, doctors and companies took steps to make them harder to abuse and obtain, people with opioid use disorder increasingly switched to heroin, which proved more deadly.
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