The Tobacco Master Settlement Agreement (MSA) was entered in November 1998, originally between the four largest United States tobacco companies (Philip Morris Inc., R. J. Reynolds, Brown & Williamson and Lorillard – the original participating manufacturers) and the attorney generals of 46 states. The states settled their Medicaid lawsuits against the tobacco industry for recovery of their tobacco-related health-care costs, and also exempted the companies from private tort liability regarding harm caused by tobacco use. In exchange, the companies agreed to curtail or cease certain tobacco marketing practices, as well as to pay, in perpetuity, various annual payments to the states to compensate them for some of the medical costs of caring for persons with smoking-related illnesses. The money also funds a new anti-smoking advocacy group, called the American Legacy Foundation, that is responsible for such campaigns as The Truth. The settlement also dissolved the tobacco industry groups Tobacco Institute, the Center for Indoor Air Research, and the Council for Tobacco Research. In the MSA, the original participating manufacturers (OPM) agreed to pay a minimum of $206 billion over the first twenty-five years of the agreement.
Read more about Tobacco Master Settlement Agreement: Summary of Terms, Contraband Statutes, Criticism of The MSA, Securitization, Individual State Settlements, See Also
Famous quotes containing the words tobacco, master, settlement and/or agreement:
“when her husband came,
complaining about the tobacco spit on him,
they decided to run North
for a free evening.”
—Carole Gregory Clemmons (b. 1945)
“[Women’s] apparent endorsement of male supremacy is ... a pathetic striving for self- respect, self-justification, and self-pardon. After fifteen hundred years of subjection to men, Western woman finds it almost unbearable to face the fact that she has been hoodwinked and enslaved by her inferiors—that the master is lesser than the slave.”
—Elizabeth Gould Davis (b. 1910)
“The Settlement ... is an experimental effort to aid in the solution of the social and industrial problems which are engendered by the modern conditions of life in a great city. It insists that these problems are not confined to any one portion of the city. It is an attempt to relieve, at the same time, the overaccumulation at one end of society and the destitution at the other ...”
—Jane Addams (1860–1935)
“Truth cannot be defined or tested by agreement with ‘the world’; for not only do truths differ for different worlds but the nature of agreement between a world apart from it is notoriously nebulous. Rather—speaking loosely and without trying to answer either Pilate’s question or Tarski’s—a version is to be taken to be true when it offends no unyielding beliefs and none of its own precepts.”
—Nelson Goodman (b. 1906)