Tag:state health plan

  • Folwell: State Health Plan already running deficit

    The State Health Plan’s unfunded liabilities have soared to $42 billion, the latest figures show, and Treasurer Dale Folwell said expenses will exceed earnings again this year. “We’re going to dip into reserves by hundreds of millions of dollars this year in the State Health Plan,”…

  • Folwell pursuing fees from pension fund managers

    State Treasurer Dale Folwell wants to know if Wall Street investors charged the state fees on $9 billion of state pension plan money that never got invested. At the same time, unfunded liabilities in the retirement system grew to more than $13 billion. Folwell said some…

  • Rising costs send State Health Plan deeper into the red

    The State Health Plan is “on life support” and will require more state and employee contributions to meet massive unfunded obligations, state Treasurer Dale Folwell said Monday in his first Ask Me Anything monthly teleconference call with reporters. Since taking office in January, Folwell said, he has been…

  • Folwell vows to attack unfunded pension, health liabilities

    State Treasurer Dale Folwell wants to be more than North Carolina’s version of the Dutch boy, his finger plugging the dike of underperforming state health and pension plans. Rather, he plans to vigorously attack the massive unfunded liabilities. Folwell, sworn into office Jan. 1 as the…

  • Act Before the Fiscal Wreck

    A new report proposes that North Carolina stabilize the cost and improve the offerings of the state employee health plan by creating health savings accounts. Look close to home for a precedent.