Texas to receive nearly $1.2 billion through latest opioid settlement with pharmaceutical companies

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Texas will receive nearly $1.2 billion through the latest opioid settlement with pharmaceutical companies.

The money comes from a $26 billion settlement signed by 52 American states and territories that Texas joined in July.that the state had reached a nearly $1.2 billion opioid settlement with three of the nation’s top pharmaceutical distributors: Cardinal, McKesson, and AmerisourceBergen. He said they were sued “for their role in creating and fueling the nationwide opioid epidemic.”

“We wanted to make sure this money went to the crisis, that it didn’t end up in the general revenue where it would be spent on all kinds of good things, but we wanted to address this,” said Paxton during a press conference. “So, the Attorneys General across the country put together this opioid council, and in our state, we’ve appointed different people to do that. The Governor has, I have, and others have.

Mahan joined Paxton Wednesday in announcing the settlement at LifePath’s McKinney facility. She said she’s excited that this will help increase access to “all sorts of treatments” for opioid addiction. In addition to working with other states on the deal, the AG’s office partnered with county judges across Texas, along with local officials from Collin, Dallas, Bexar, Harris, and Tarrant counties.

 

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