Home » NEWS » Settlement with drug companies could boost budget

Settlement with drug companies could boost budget

JACKSON — Mississippi Attorney General Jim Hood says he hopes a new $20-million boost to the state from a pharmaceutical lawsuit will go to mental health services.

House Appropriations Committee chairman Johnny Stringer agrees with the idea. He says the budget just happens to be short $20 million and that the funds would help support community mental health centers.

The funds come from recently settled litigation over Medicaid fraud and consumer protection violations with four drug companies: GlaxoSmithKline; Aventis; Schering/Warring; and, Mylan.

Hood says putting the money into the mental health budget would help resolve the mental-health crisis and prevent future lawsuits against the state.

Source: The Associated Press

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*