Attorney General Daniel Cameron announces agreement with opioid companies
FRANKFORT, Ky. (WYMT) - Attorney General Daniel Cameron held a news conference Wednesday afternoon at the state Capitol to announce a historic agreement with companies responsible for creating and fueling the opioid epidemic.
You can watch the news conference here:
The agreement totaled $26 million from Cardinal Health, McKesson, and AmerisourceBergen.
“Today’s announcement marks the end of a long and hard-fought negotiation to ensure that opioid distributors are held accountable for their role in the opioid crisis and that the Commonwealth receives needed funds for opioid abatement programs,” said Attorney General Cameron. “The Commonwealth stands to receive an historic settlement in excess of $460 million, which will provide the state and local governments with substantial funds to support Kentuckians struggling with addiction.”
The Attorney General’s office is reviewing the proposed agreement, and has 30 days to sign onto the deal. If approved, the state stands to receive more than $460 million over 18 years because local governments are on board. Kentucky’s share will be apportioned pursuant to the terms of House Bill 427, passed by the General assembly earlier this year.
The three distributors will pat up to $21 billion over 18 years, Jonson & Johnson will pay up to $5 billion over nine years with up to $3.7 billion during the first three years.
The agreement was praised by the Addiction Recovery Care senior vice president of administration Matt Brown.
“Over the years, Kentucky’s legislators, public officials, business community and recovery leaders have worked together to make great progress in addressing the addiction crisis. The opioid settlement funds coming to the Commonwealth will be critical in helping us continue to do this important work, and we thank Governor Beshear and Attorney General Daniel Cameron for their steadfast leadership on this effort,” said Brown. “The recovery community welcomes the opportunity to offer input on the best allocation of these funds, and we look forward to continuing these important conversations with state leaders.”
“Addiction has a staggering ripple effect, impacting everything from our families and neighborhoods to our workforce and economy,” added Brown. “By investing in innovative treatment programs that include the wraparound services needed for long-term recovery, such as access to health care, employment and educational opportunities, safe and affordable housing, transportation and childcare, we can turn the tide on addiction in Kentucky.”
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