50 states sign up for Walmart’s opioid settlement framework -3.1 billion
the settling of these lawsuits Walgreen & CVS agreed to a 10 BILLION settlement paid out over 10-15 yrs and Walmart agreed to a 3.1 BILLION settlement.
part of Walmart’s agreement: https://corporate.walmart.com/newsroom/2022/11/15/walmart-announces-nationwide-opioid-settlement-framework
Walmart has adopted many approaches to fighting the opioid crisis, such as:
- Educating and empowering pharmacists
- Reducing the amount of opioids dispensed
- Protecting against diversion and theft
- Increasing access to overdose reversal medication
- Educating our patients and our communities about opioid abuse
- Advocating for state and national policies aimed at curbing opioid abuse and misuse
There are more lawsuits forming against other chain pharmacies. The money from the TOBACCO SETTLEMENT from 1999 will soon drop dramatically or dry up entirely Many of the states did not use the money from that settlement- as they promised for anti-tobacco education, but … just dumped the money in their general fund. All those states have become financially addicted to that “free money” and unless they find a new source of “free money” they may have to cut public services and/or raise taxes.
Depending how many lawsuit keep coming and the chains are forced to settle because 90%+ of entities taken to federal court are found guilty. I presume that the chains don’t want to waste money on a law firm when the odds are they are going to be found guilty and paying out money.
The chains may come to the conclusion that stocking/filling controlled meds is not a good financial business plan and just stop stocking and filling controlled meds Rx.
Many states’ Pharmacy practice act – unless they have changed it – are required to stock meds normally prescribed in the pharmacy’s market.
There is a lot of shifting in the pharmacy market place
UP TO 5% of TRICARE beneficiaries will have to make a 30+ MINUTE round trip to get their prescription filled because of DOD contract
Kroger: announced that we are terminating our Express Scripts agreement for commercial customers as of December 31
The GoodRx-Kroger Blowup: Spread Pricing, Pharmacy Margins, and the Future of Discount Cards
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