Several states have struck a $26 billion agreement with opioid manufacturers and distributors; Indiana is among them.
According to Attorney General Todd Rokita, Indiana is set to receive $507 million of the settlement.
The deal was made in response to a lawsuit alleging companies like Johnson and Johnson, Cardinal Health, McKesson and AmerisourceBergen spurred on the opioid epidemic by failing to regulate the drug.
“This $507 million settlement for the state of Indiana marks a massive step forward in our efforts to end the opioid epidemic and provide justice to countless Hoosier families torn apart by this crisis,” said Attorney General Rokita. “While no amount of money will ever compensate for the loss and pain that’s resulted from the scourge of addiction across our state, this significant settlement will go a long way in preventing a crisis of this kind from ever happening again.”
The majority of the money those companies will payout is earmarked to be used to develop better treatment options for those struggling with addiction and additional prevention programs.
Also included in the pending agreement, companies will be required to make significant industry changes to help prevent this type of crisis in the future.
Rokita's office provided an overview of the settlement which shows the three distribution companies will pay a collective $21 billion over 18 years. While Johnson and Johnson will be responsible for $5 billion over nine years.