The Alaska public has a chance through the end of September to weigh in on how the state should spend its share of a landmark settlement over pharmaceutical companies’ role in the nation’s opioid epidemic.
Anchorage Sen. Tom Begich is a member of the Governor’s Advisory Council on Opioid Remediation, which producedon how the settlement money should be used. The council started deliberating in December 2021.
“If you are an agency or an entity that is dealing with opioid addiction, you should be looking at this. If you’re an employer who might have an insight into how opioid addiction is affecting your workplace, you should look at this. And frankly, any public entity ought to be looking at it as well,” he said.
Begich said the council had lengthy discussions on what the best process would be to create the most sustainable approach to opioid addiction. “You could either take the money for 18 years at approximately $2 million a year or you could do a lump sum payment, which is slightly less, but would allow you to invest it and then take the money out, like a dividend if you will, sort of very similar to the dividend concept,” Begich said.“We could produce roughly anywhere from initially $1.5 million to $1.75 million to eventually, as the thing grew, as much as $2 million or $2.
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