Colorado is expected to get more than $150 million from a multi-billion-dollar national settlement with CVS and Walgreens for their roles in the opioid crisis.
Colorado Attorney General Phil Weiser announced Monday he finalized agreements with the two pharmacy companies as part of a bipartisan coalition of attorneys general that worked to secure more than $10 billion nationwide. CVS will pay $5 billion, and Walgreens will pay $5.7 billion, totaling $10.7 billion.
As part of the agreement, Walgreens and CVS, as well as Walmart in an earlier agreement, are required in a court-ordered injunctive relief to monitor, report, and share data about suspicious activity related to opioid prescriptions. This will help ensure a crisis like this does not happen again, according to the news release.
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