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That could have a big impact on the states that are or want to sue the pharma companies that participated in the opioid crisis. Looks like they will get to continue with no large penalty to reign them in.
A clear victory for consumers as liability costs could drop lowering the cost of products.
Many states have tort laws in place such as Texas. When they passed those laws, they told voters their health care costs would be less as a result. That did not happen. The insurance companies kept the profit for themselves. Whenever Republicans scream tort laws as a health care solution, it's large insurance companies speaking. Most states already have tort laws in place but lower insurance costs did not follow.
Many states have tort laws in place such as Texas. When they passed those laws, they told voters their health care costs would be less as a result. That did not happen. The insurance companies kept the profit for themselves. Whenever Republicans scream tort laws as a health care solution, it's large insurance companies speaking. Most states already have tort laws in place but lower insurance costs did not follow.
I agree..historically..any lower costs get passed on to the shareholders in the form of dividends or used by the company to expand...or both.
"In 2006, the company agreed to plead guilty and pay more than $630 million to settle federal charges that it misled doctors and patients about the risks of its top-selling drug. The company released a new version of the drug in 2010 that they said deters abuse."
"In 2006, the company agreed to plead guilty and pay more than $630 million to settle federal charges that it misled doctors and patients about the risks of its top-selling drug. The company released a new version of the drug in 2010 that they said deters abuse."
But that's not the kind of lawsuit this thread is about. The Supreme Court's opinion is about class actions and suing for damages, not imposing penalties. If a company "pleads guilty", it's a criminal case, not a lawsuit.
The Supreme Court has no implications whatsoever for states seeking to penalize liars and lawbreakers.
Last edited by hbdwihdh378y9; 06-19-2017 at 10:33 PM..
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