Premium increases ahead for State Health Plan members
The State Health Plan Board approved premium hikes for 750K+ members to address deficits projected at $900M in 2027.
North Carolina State Treasurer Dale Folwell gave more insight Tuesday as to why the State Health Plan decided to end coverage of popular weight loss drugs, including Ozempic and Wegovy, as of April 1. During the Council of State meeting, he said the drugs had the potential of costing the SHP $170 million this year for 22,000 people. He said it would be the same cost as a 4% bonus to 253,000 employees and would double the individual premium for everyone else on the state health plan from $25 to $50.
North Carolinians who are on the State Health Plan (SHP) for their medical insurance will not see an increase in their premiums for the 2024 benefit year. State Treasurer Dale Folwell
In the letter accompanying the protest, BCBSNC asked that the State Health Plan (SHP) either cancel its award of the contract to Aetna and instead award it to BCBSNC, or vacate the decision and start over with a new Request for Proposal (RFP) process.
North Carolina continues to be in good shape financially, according to State Treasurer Dale Folwell, but he does have some concerns for next year now that the U.S. is soundly in a recession despite the Biden Administration saying that it isn’t.