Governor Andrew Cuomo says the state will be taking action against opioid manufacturers after he says New York taxpayers were overcharged billions of dollars.
In a statement Tuesday, Cuomo said the Department of Financial Services found taxpayers overpaid insurance premiums over the past decade to the sum of nearly $2 billion.
Albany alleges manufactures misrepresented opioid safety and how effective the drugs were, causing negative health effects, over-prescription and additional treatments.
In a statement, Cuomo said, “These drug companies knew what they were doing. It was not accidental – it was an industry-wide conspiracy. The damage they have caused has been immeasurable – it has cost thousands of human lives and billions of dollars, and they have gotten away with it for decades. These drug companies are not going to get away with murder, and we are taking a series of actions to ensure they don’t.”