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HomeNewsBusinessSecond opioid settlement payout is made to Connecticut

Second opioid settlement payout is made to Connecticut

Connecticut has received the second payment from a historic $26 billion opioid distribution settlement.

The funds come from a $26 billion settlement with Johnson & Johnson, Cardinal, McKesson, and AmerisourceBergen, as well as distributors of opioids.

The amount of the second payment for the state was $13.5 million, according to Attorney General William Tong. The initial payment of $11.1 million, which was made in July, was used to support the state’s opioid treatment and prevention efforts.

Tong claimed that Connecticut has been a leader in the battle against the “largest players” in the addiction sector for more than two years, forcing them to pay them over $40 billion.

According to New London Mayor Michael Passero, resources are being made available to hard-hit municipalities as part of the national effort to seek justice for the opioid epidemic’s victims. He pledged that New London would invest in evidence-based models and step up efforts for their NLC CARES Project in order to save lives.

Towns like New London are demonstrating that we can utilise this money to prevent future tragedy, according to Tong. “No amount of money will ever be able to make up for the trauma of losing a parent or kid,” he added. This money is saving lives, whether it is used to buy Narcan or to fund the vital work of the NLC CARES Navigators.

“I am asking City Council to establish a special revenue account for this round of money and for the scheduled funds to be received going forward. A dedicated fund is essential to ensure a sustainable revenue source to fund opioid-related initiatives for years to come,” said Passero. “I have, and will continue to be guided by the team at NLC CARES and other community partners.”

According to the settlement, New London will get up to $475,000 over the next 18 years, with the first payment of $16,715.86 coming in September and the second payment of $17,567.55 coming on October 31.

Connecticut has received the second payment from a historic $26 billion opioid distribution settlement. The amount of the second payment for the state was $13.5 million, according to Attorney General William Tong. The initial payment of $11.1 million, which was made in July, was used to support the state’s opioid treatment and prevention efforts.

The funds come from a $26 billion settlement with Johnson & Johnson, Cardinal, McKesson, and AmerisourceBergen, as well as distributors of opioids. Tong claimed that Connecticut has been a leader in the battle against the “largest players” in the addiction sector for more than two years, forcing them to pay them over $40 billion.

The committee will create an investment strategy and uphold transparency in the utilisation of all settlement monies after consulting with Tong and pertinent governmental agencies and stakeholders. To create that committee, work is now ongoing.

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  • Second opioid settlement payout is made to Connecticut
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