Kentucky Enters New Opioid Settlement

A new national opioid settlement could soon provide more money for treatment and recovery in Kentucky. Attorney General Daniel Cameron is one of 36 attorneys general to reach a proposed settlement with Endo International. The pharmaceutical company made generic and name-brand opioids such as Percocet and Endocet.

A federal bankruptcy court must approve the deal, which is part of Endo International’s Chapter 11 bankruptcy filing. If the court agrees, the company will pay participating states and local governments $450 million over 10 years.

Legislators passed KLC initiatives in the 2021 and 2022 sessions to address how Kentucky distributes its settlement funds. Half of all received payments must go to city and county governments to fund opioid abatement programs. An Opioid Abatement Advisory Commission first met last month to oversee the state’s half.

In addition to the Endo International funds, Kentucky will receive around $478 million from settlements with other drug manufacturers and distributors. Local allocation details are not yet final.