Ohio Receives $24.5 Million from McKinsey for Opioid Crisis Settlement

Strategic Insights -

The Ohio Attorney General's office has announced a settlement with consulting firm McKinsey & Co. that will bring $24.5 million to the state to combat the devastating effects of the opioid epidemic. As part of a $573 million national settlement, Ohio will receive $20 million this year and $4.7 million over the next four years to help remediate the harm caused by the opioid epidemic.

The settlement comes as a welcome relief to communities affected by the opioid crisis, which has ravaged families and communities across the state. According to Attorney General Yost, the money will be put to work through the OneOhio Recovery Foundation, which will focus on regional programming aimed at combatting the opioid crisis.

Despite the settlement, the opioid epidemic continues to have a profound impact on Ohio communities. A recent analysis by the Scientific Committee on Opioid Prevention and Education (SCOPE) showed a record surge in opioid overdose deaths in Ohio.

Key Takeaways:

  • The Ohio Attorney General's office has reached a settlement with McKinsey & Co. worth $24.5 million to combat the opioid epidemic.
  • The settlement is part of a $573 million national settlement involving 47 states, the District of Columbia, and five U.S. territories.
  • Ohio will receive $20 million this year and $4.7 million over the next four years to help remediate the harm caused by the opioid epidemic.
  • The money will be put to work through the OneOhio Recovery Foundation, which will focus on regional programming aimed at combatting the opioid crisis.
  • The opioid epidemic has had a devastating impact on Ohio families and communities, with a record surge in opioid overdose deaths reported in 2023.
  • McKinsey & Co. will prepare for public disclosure online of tens of thousands of its internal documents detailing its work for Purdue Pharma and other opioid companies as part of the settlement.

Statistics:

  • $24.5 million: The total amount of money Ohio will receive from the settlement with McKinsey & Co.
  • $20 million: The amount of money Ohio will receive this year from the settlement.
  • $4.7 million: The amount of money Ohio will receive over the next four years from the settlement.
  • 47 states, the District of Columbia, and five U.S. territories: The number of jurisdictions involved in the national settlement with McKinsey & Co.
  • 20 years: The length of time the opioid epidemic has affected communities in Ohio.
  • $1 billion: The estimated cost of the opioid epidemic to Ohio taxpayers in 2022.

Sources:

  • Office of the Ohio Attorney General
  • Ohio Department of Health
  • OneOhio Recovery Foundation
  • Scientific Committee on Opioid Prevention and Education (SCOPE)