Cities self-destruct: The SHAKEDOWN is for REAL.
Posted: Wed Aug 14, 2024 8:30 am
It’s one thing to shake down huge Big Pharma outfits like the Sacklers.
But it’s another step entirely to shake down the actual retail stores where the opioids were sold legally by doctor’s prescription.
This is a dirty shyster’s game and open season on any retail business that prefers not to pay millions in fees to lawyers for “protection” against such massive lawsuits by the mayors and corrupt executives that ostensibly run the city, state and Federal bureaucracy.
THE SHAKEDOWN IS FOR REAL.
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Baltimore has reached a $45 million settlement with CVS, ending another piece of the city’s ongoing lawsuit against major American drug companies and distributors accused of contributing to the opioid crisis.
Mayor Brandon M. Scott announced the settlement, which ends the city’s claims against CVS, in a news release late Friday. So far, the city has won $90 million from opioid companies it is suing, including another $45 million Baltimore received from a settlement with the drugmaker Allergan.
Both companies accounted for only a small share of the opioids sold in Baltimore during the height of prescribing. The other companies still in the lawsuit — Johnson & Johnson, McKesson, Cardinal Health, AmerisourceBergen (now called Cencora), Teva Pharmaceuticals and Walgreens — were responsible for more than 80 percent of the opioids sent to Baltimore’s pharmacies, the city said.
The lawsuit alleges that opioid manufacturers and distributors flooded the Baltimore area with hundreds of millions of prescription opioids, reversing progress the city had made at reducing heroin overdose deaths and creating a far worse addiction problem. Now facing an overdose crisis stemming from illicit drugs like fentanyl, the city wants opioid companies to pay more than $11 billion toward addiction treatment and other services.
“These companies targeted Baltimore and decided profits were more important than the health and safety of the people of this City,” Scott said in a statement. “We are fully committed to ensuring that these companies pay their fair share to repair the damage they’ve done to our neighborhoods and families.”
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https://www.msn.com/en-us/money/compani ... r-AA1oxEUs
Consider that pharmacy chains like Rite-Aid, Walgreens or CVS have been CLOSING stores in urban areas due the cost of shoplifting and other theft / robbery / assaults on employees.
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CVS says it will close NINE HUNDRED stores by the end of 2024 - 10% of all its shops - as it moves to online strategy amid rampant increase in shoplifting.
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https://www.msn.com/en-us/money/other/c ... ngNewsSerp
Put it all together and what it spells is the "controlled demolition" of the retail prescription sales business. Local stores will be devastated.
Perhaps the plan is to eliminate these businesses physically and replace their function with online sales and distribution of prescription pharmaceuticals.
Is this the end of the local neighborhood "drug store" (pharmacy, apothecary)?
https://michiganadvance.com/2024/08/07/ ... e-deserts/
https://www.wdrb.com/news/business/sout ... baef2.html
It certainly would spell the end of "compounding" pharmaceuticals locally:
https://www.reuters.com/legal/litigatio ... 022-02-23/
What really needs to be done?
Break up the Big Pharma cartels and abolish the corrupt FDA, CDC, NIH, NIAID.
Pursue criminal fraud, extortion and racketeering charges against the key players in the "COVID" shakedown and heists.
The entire medical system has to be overhauled.
I don't expect any of that to happen without major conflict and upheaval. And much suffering first.
But it’s another step entirely to shake down the actual retail stores where the opioids were sold legally by doctor’s prescription.
This is a dirty shyster’s game and open season on any retail business that prefers not to pay millions in fees to lawyers for “protection” against such massive lawsuits by the mayors and corrupt executives that ostensibly run the city, state and Federal bureaucracy.
THE SHAKEDOWN IS FOR REAL.
QUOTE
========
Baltimore has reached a $45 million settlement with CVS, ending another piece of the city’s ongoing lawsuit against major American drug companies and distributors accused of contributing to the opioid crisis.
Mayor Brandon M. Scott announced the settlement, which ends the city’s claims against CVS, in a news release late Friday. So far, the city has won $90 million from opioid companies it is suing, including another $45 million Baltimore received from a settlement with the drugmaker Allergan.
Both companies accounted for only a small share of the opioids sold in Baltimore during the height of prescribing. The other companies still in the lawsuit — Johnson & Johnson, McKesson, Cardinal Health, AmerisourceBergen (now called Cencora), Teva Pharmaceuticals and Walgreens — were responsible for more than 80 percent of the opioids sent to Baltimore’s pharmacies, the city said.
The lawsuit alleges that opioid manufacturers and distributors flooded the Baltimore area with hundreds of millions of prescription opioids, reversing progress the city had made at reducing heroin overdose deaths and creating a far worse addiction problem. Now facing an overdose crisis stemming from illicit drugs like fentanyl, the city wants opioid companies to pay more than $11 billion toward addiction treatment and other services.
“These companies targeted Baltimore and decided profits were more important than the health and safety of the people of this City,” Scott said in a statement. “We are fully committed to ensuring that these companies pay their fair share to repair the damage they’ve done to our neighborhoods and families.”
=========
UNQUOTE
https://www.msn.com/en-us/money/compani ... r-AA1oxEUs
Consider that pharmacy chains like Rite-Aid, Walgreens or CVS have been CLOSING stores in urban areas due the cost of shoplifting and other theft / robbery / assaults on employees.
QUOTE
=========
CVS says it will close NINE HUNDRED stores by the end of 2024 - 10% of all its shops - as it moves to online strategy amid rampant increase in shoplifting.
=========
https://www.msn.com/en-us/money/other/c ... ngNewsSerp
Put it all together and what it spells is the "controlled demolition" of the retail prescription sales business. Local stores will be devastated.
Perhaps the plan is to eliminate these businesses physically and replace their function with online sales and distribution of prescription pharmaceuticals.
Is this the end of the local neighborhood "drug store" (pharmacy, apothecary)?
https://michiganadvance.com/2024/08/07/ ... e-deserts/
https://www.wdrb.com/news/business/sout ... baef2.html
It certainly would spell the end of "compounding" pharmaceuticals locally:
https://www.reuters.com/legal/litigatio ... 022-02-23/
What really needs to be done?
Break up the Big Pharma cartels and abolish the corrupt FDA, CDC, NIH, NIAID.
Pursue criminal fraud, extortion and racketeering charges against the key players in the "COVID" shakedown and heists.
The entire medical system has to be overhauled.
I don't expect any of that to happen without major conflict and upheaval. And much suffering first.