The agreement is the largest state-negotiated settlement in West Virginia history and consists of $134 million in cash plus the contribution of drugs used to treat opioid overdoses.
A bill that would place price controls on the pharmaceutical industry, rather than taking a system-wide approach to address consumer cost concerns, is being opposed by the New Jersey Business & Industry Association.
Joe Manchin stalled and killed the Build Back Better bill under pressure from big business. He could now support a compromise budget with drug pricing reforms, but the pharmaceutical industry is doing everything it can to make sure he doesn't.