Report: CVS, Two Others Pay Billions To Settle Suit

Another huge settlement surrounding the opioid crisis.

Three major retailers -- CVS, Walgreens and Walmart -- are tentatively agreeing to pay at least 12-billion dollars to settle opioid-related lawsuits, according to multiple reports out today.

The chains were sued by thousands of state and local governments over accusations of mishandling the highly-addictive drug.

The deal calls for CVS to pay four-point-nine billion dollars, Walgreens to pay at least four-billion and Walmart to pay three-billion.

An estimated nine-point-five million Americans age 12 and older reported in 2020 to have misused opioids, including nine-point-three million prescription pain reliever abusers and over 900-thousand heroin users, according to the CDC's National Center for Health Statistics.

(Photo Credit: John Baibak, NewsRadio Ri)


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