Landmark tobacco lawsuit settled 25 years ago — what happened to money?

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Landmark tobacco lawsuit settled 25 years ago — what happened to money?
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If Mississippi’s political leaders had stuck to their plan, the state would now have a trust fund of more than $4 billion earning about $320 million annually to spend on health care, based on projections made in 1999.

by Bobby Harrison, Mississippi Today June 26, 2022 But, as often is pointed out, “the best laid plans of mice and men often go awry.” Such is the case with the health care trust fund that was created in 1999 with the money from the state’s settlement with the tobacco companies of a landmark lawsuit to collect government funds spent treating smoking-related illnesses. The settlement funds have been delivered to Mississippi as promised, but the promise of a trust fund was broken long ago.

This article first appeared on Mississippi Today and is republished here under a Creative Commons license.

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