Fresh off N.C. Department of Insurance approval of cost-reducing reforms, Treasurer Dale Folwell is optimistic doctors and hospitals will join a new State Health Plan provider network. Contracts were set to go out late last week. The Insurance Department green light was the last regulatory hurdle…
Persistent questions about the constitutionality of legislation to stabilize the underfunded state retirement system have slowed the bill’s advance. On Tuesday, April 16, Senate Rules Committee Chairman Bill Rabon, R-Brunswick, recommended sending Senate Bill 374 back to the Senate Pensions, Retirement, and…
Senate Republicans are again pushing State Treasurer Dale Folwell’s request to limit risk in the underfunded state pension plan by narrowing the number of retirement options. The Repeal Risky Retirement Payments Act, as Senate Bill 374 is titled, divides Republicans against Democrats, and pits the…
The state House passed a bill Wednesday, April 3, limiting State Treasurer Dale Folwell’s plans to make the State Health Plan more solvent. But the bill may not get a hearing in the Senate, letting Folwell move forward. House Bill 184 would block…
State Treasurer Dale Folwell says if lawmakers shelve his State Health Plan reforms they will have nobody to blame but themselves. Folwell is locked in a heated battle with state hospitals, health systems, doctors, and legislative supporters of…
A plan by State Treasurer Dale Folwell to reform the nearly insolvent State Health Plan faces legislative pushback, prodded by hospitals and large medical providers. Folwell has no plan to abandon the reforms, which actuaries say would prevent the plan from going broke within four years.
If Medicaid expansion forces taxpayers to pick up the tab for a service that was either previously paid for some other way or not consumed in the first place, there is no reduction in the cost of care.
The House K-12 Education committee OK’d the statewide school construction bond bill, but questioned the formula used to decide how much each county would get for school construction. The committee met Tuesday to debate House Bill 241. It pledges $1.9 billion…
State taxpayers would save hundreds of millions of dollars in health insurance costs, thanks to a unanimous ruling Tuesday from the N.C. Court of Appeals. The decision said government retirees don’t have a contractual right to get health insurance coverage from…
State Treasurer Dale Folwell says the state pension plan hemorrhaged $4.1 billion in 2018. Officially known as the N.C. Retirement Systems, the plan reported losses of 1.47 percent for the just-completed calendar year, underperforming its actuarial assumed rate of return of 7 percent. The…
