McKesson opioid settlement overview:
- Who: McKesson Corp., Cencora Inc. and Cardinal Health have reached a $300 million class action settlement.
- Why: The McKesson settlement will resolve claims from health insurers and benefit plans over the drug distributorsโ alleged role in the opioid crisis.
- Where: The opioid class action lawsuit was filed in Ohio federal court.
Three of the countryโs largest drug distributors have reached a $300 million class action settlement over allegations they contributed to the opioid crisis, Reuters reports.
McKesson Corp., Cencora Inc. and Cardinal Health deny any wrongdoing but agreed to settle the McKesson opioid class action lawsuit to escape claims from health insurance companies and benefit plans over the drug companiesโ alleged failure to regulate the amount of opioid painkillers to be sold through illegal channels.
Paul Geller, one of the plaintiffsโ lawyers, said the McKesson settlement covered third-party payers that โlargely paid for the overprescribed and overmarketed pills and for the treatment required when their plan beneficiaries inevitably suffered opioid use disorder.โ
The proposed settlement class includes insurance companies and benefit plans that paid for or were reimbursed for prescription opioid drugs manufactured or distributed by the defendants and/or that incurred costs for treatment related to misuse, addiction and/or overdose of opioid drugs since Jan. 1, 1996.
McKesson will pay approximately 38% of the $300 million McKesson settlement amount, while Cardinal and Cenora will pay about 31%.
The plaintiffs have asked an Ohio federal judge to preliminarily approve the McKesson opioid settlement.
McKesson settlement part of effort to seek accountability for opioid crisis
Thousands of opioid lawsuits have been filed with the goal of holding drug manufacturers, distributors and pharmacies accountable for fueling the opioid crisis and hundreds of thousands of opioid overdoses in the United States over the last two decades.
More than $50 billion in settlements have been reached to date. Most of the opioid settlements have been reached with states and local governments.
Hikma Pharmaceuticals recently agreed to pay $150 million to escape allegations it failed to report suspicious opioid orders made by potentially illegal distributors. A California federal judge also recently approved a $78 million settlement over allegations McKinsey and Co. deceptively advertised its opioid prescription drugs.
What do you think about the McKesson settlement agreement? Join the discussion in the comments.
The plaintiffs are represented by Paul J. Geller and Mark J. Dearman of Robbins Geller Rudman & Dowd LLP; Elizabeth J. Cabraser and Eric B. Fastiff of Lieff Cabraser Heimann & Bernstein LLP; Peter H. Weinberger of Spangenberg Shibley & Liber; Jayne Conroy of Simmons Hanly Conroy; Joseph F. Rice of Motley Rice; and Paul T. Farrell Jr. of Farrell & Fuller LLC.
The McKesson opioid settlement is In re: National Prescription Opiate Litigation, Case No. 1:17-md-02804-DAP, in the U.S. District Court for the Northern District of Ohio, Eastern Division.
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132 thoughts onMcKesson, Cardinal, Cencora to pay $300M settlement over role in opioid epidemic
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Ketorolac is a miracle drug. Iโd stop taking narcs if I could take this on the daily. But because it melts your intestines if you use it for more than 5 days, thatโs not possible. How about that 300 mil goes into pain relief research? Strange ideaโฆ
Annnnddโฆ. No sees a dime of any of it except the various State comptrollersโฆ. Iโve been prescribed for 15yrs now by the VA. Now I get looked like a drug addict when I have to get a narcotic refill every damn month. For those of us that need the medication because there is no safe equivalent, were screwed twice!
I have lost olot please add me
Will we be kept confidential? If so add me.
Me too.
Plz add me im 34yr that has been on pain meds for many years
Add me please. After a 6mo in-patient hosp stay for Bariatric failure, I went home with a โdependencyโ. They later told me they knew I would. These meds have ruined my life.. *in recovery now*
Add me please
Add me please
Add me please
After taking Oxycodone for 12 yrs..
For BONE ON BONE KNEE PAIN.
The health system stopped the medication without reason.
One pharmacist told me that she didnโt feel comfortable enough to fill .
John Hopkins.
In May of 2023..Pain management dropped me.
Refuse to give medical records
to me.
Havenโt been able to get back into pain management for over A year.
Add me .for my late husband