CVS Health agrees to $5 billion settlement of opioid lawsuits

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CVS Health agrees to $5 billion settlement of opioid lawsuits
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As part of the settlement agreement, CVS will pay Texas $276 million, adding to the $2.37 billion the state has already received from drug distributors.

In an agreement that would make it the first major pharmacy chain to reach a nationwide settlement of lawsuits over how it handled prescriptions for powerful and addictive prescription opioid painkillers, CVS would pay about $5 billion over 10 years. Other pharmacies, including Rite Aid, Walgreens and Walmart have reached agreements with individual states.

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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