Opioid Epidemic: Supreme Court Rejects Sackler Family’s Settlement Plan, Opening Door for Future Litigation
OptumRx Implicated in Opioid Crisis: What’s Next for the Pharmacy Benefit Manager Amidst Ongoing Legal Battles?
According to Benzinga, The opioid crisis has been a major problem in the US, causing over 800,000 deaths from overdoses since 1999. Many companies including OptumRx, have been involved in the crisis because they help negotiate prices for prescription drugs.
Recently, the Supreme Court made a decision that could affect the crisis. They rejected a plan that would have given money from the Sackler family (who own OxyContin) to help people with addiction. The Sackler family would have been protected from lawsuits if they had agreed to this plan. Some people who were affected by the opioid crisis did not agree with this plan and wanted to continue suing the Sackler family.
Opioid Crisis Update: Supreme Court Ruling Sparks Uncertainty, Cardinal Health Stops Working with OptumRx Amid Ongoing Legal Fallout
This decision has important implications for the future of the opioid crisis. It’s unclear what will happen next, but there will likely be more lawsuits and settlements. In the meantime, another company called Cardinal Health has stopped working with OptumRx, which has affected its stock price.