Common Contracts
1 similar Tobacco Master Settlement Agreement contracts
Tobacco Master Settlement Agreement Fall ‘01Tobacco Master Settlement Agreement • May 5th, 2020
On November 23, 1998, 46 states and several major tobacco companies settled the states’ Medicaid lawsuits for recovery of tobacco related health costs. The settlement contained no specifications for allocation of the money. North Carolina is affected two- fold by tobacco. First, tobacco farming and processing compromise a large portion of the state economy. Second, the state tobacco use rates are higher than the national average and cost the state billions annually in health costs. North Carolina has been debating whether its citizens are best served by spending the $327.1 million dollars currently received on tobacco prevention or by providing economic aid to tobacco farmers.
