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Epidemics

Ohio to Receive $24 Million from McKinsey to Combat Opioid Epidemic

Strategic Insights

— 2 min read

Ohio Attorney General Dave Yost has agreed to a settlement with McKinsey & Co., a consulting firm that has agreed to pay $573 million nationally for its role in fueling the opioid crisis. The opioid epidemic has devastated communities and families across the state, with the epidemic causing considerable harm to individuals and communities for the past 20 years. The settlement will pour more than $24 million into communities in Ohio to help combat the crisis. The money will be used to remediate the harm caused by the opioid epidemic, with a focus on treatment and services for those in need.

Key Takeaways:

  • The settlement with McKinsey & Co. will provide $24.5 million to Ohio communities to combat the opioid epidemic.
  • The money will be used to remediate the harm caused by the opioid epidemic, with a focus on treatment and services for those in need.
  • The funds will be distributed through the OneOhio Recovery Foundation, a partnership between Governor DeWine, AG Yost, and local governments, to provide a transparent mechanism for the distribution and use of opioid settlement funds.
  • The foundation will focus resources toward regional programming aimed at combatting the opioid crisis.
  • McKinsey will adopt a strict document retention plan, continue its investigation into allegations that two of its partners tried to destroy documents in response to investigations of Purdue Pharma, and implement a strict ethics code that all partners must agree to each year.
  • McKinsey will also prepare for public disclosure online tens of thousands of its internal documents detailing its work for Purdue Pharma and other opioid companies.
  • The opioid epidemic has led to considerable harm to individuals and communities for the past 20 years, with significant economic and social costs.
  • The settlement is the latest action taken by Attorney General Yost's office to combat the opioid epidemic and to hold accountable those who are responsible for creating and fueling the crisis.

Statistics:

  • $24,500,000 - the amount of money that Ohio will receive from the settlement with McKinsey & Co.
  • $573,000,000 - the national amount of money that McKinsey & Co. will pay in settlements across 47 states, the District of Columbia, and five U.S. territories.
  • 20 years - the length of time that the opioid epidemic has been affecting individuals and communities in Ohio.
  • 47 states - the number of states involved in the national settlement with McKinsey & Co.
  • 5 U.S. territories - the number of U.S. territories involved in the national settlement with McKinsey & Co.
  • 24 and a half million dollars - the amount of money that will be spent by Ohio on remediation of the harm caused by the opioid epidemic.
  • 4.7 million dollars - the amount of money that will be spent by Ohio over the next four years to help remediate the harm caused by the opioid epidemic.

Sources:

  • Ohio Attorney General's Office
  • McKinsey & Co.
  • Governor DeWine's Office
  • OneOhio Recovery Foundation
  • Euclid Infotech Pvt. Ltd.
  • Contify.com

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