NY to receive $32M in national opioid settlement
Nick Reisman is reporting for State of Politics New York will receive more than $32 million as part of a nationwide opioid settlement with the consulting firm McKinsey and Company, state Attorney General Letitia James announced on February 4. The funds are part of a larger $573 million national agreement coming out of an investigation into the company's role working with opioid manufacturers. The money will be used to fund opioid abatement programs. “McKinsey’s cynical and calculated marketing tactics helped fuel the opioid crisis by helping Purdue Pharma target those doctors they knew would overprescribe opioids,” James said in a statement. According to James, under the terms of the agreement, the company will end all illegal conduct, provide more than half a billion dollars to communities nationwide, and "will never be able to help perpetuate this type of fraud and deception again." The agreement was reached with McKinsey, 47 states, Washington D.C. and five territories. Read the full story at nystateofpolitics [dot] com.