State Treasurer Dale Folwell’s proposed cost-cutting reforms for the State Health Plan have drawn praise from state employees’ representatives and a nationally recognized free-market health finance expert. But medical providers aren’t too happy with the treasurer’s plans. The State Health Plan has a $3.3 billion annual budget, though costs exceed…
The Cato Institute gave Gov. Roy Cooper an F on its Fiscal Policy Report Card. The state did get some good news from outside reviewers, however. While Cooper scored poorly for his fiscal policies, North Carolina ranked among…
State Treasurer Dale Folwell is making good on a pledge from his 2016 election campaign to cut costs and boost transparency in the State Health Plan. Oct. 4, Folwell announced that in January 2020, the State Health Plan will change the way it reimburses medical providers.
State Treasurer Dale Folwell says the State Health Plan is paying UNC Health Care too much for member services and treatments. He just doesn’t know how much the potential waste, fraud, and abuse is, and the health care system refuses to give him information needed to correct the…
The state pension fund posted overall gains of 7.3 percent for the 2017-18 fiscal year just ended June 30, outpacing the assumed rate of return on investments. But earnings have slowed to date for the 2018 calendar year, State Treasurer Dale Folwell reported. “For the first…
State Treasurer Dale Folwell gave a chilly reception to issuing a statewide school construction bond even as Gov. Roy Cooper hit the road Tuesday, July 10, pitching one. North Carolina has $50 billion in unfunded retirement system and State Health Plan liabilities. More debt is pending…
North Carolina taxpayers will foot the bill for a $3 billion transportation bond and won’t have a say in being saddled with the debt if House Bill 1010 passes. Reps. Frank Iler, R-Brunswick; Michelle Presnell, R-Yancey; John Torbett, R-Gaston; and Phil…
The $23.9 billion state General Fund budget proposal reduces personal and corporate income taxes and increases education spending by nearly $700 million. It gives raises to teachers, principals, and state employees, and still sets aside millions of dollars in state reserves. The 2018-19 budget was released Monday night…
Update: This story was updated at 3:06 Monday, May 14, to include a comment from Blue Cross and Blue Shield of North Carolina. State Treasurer Dale Folwell has placed a number on a money-saving change he has talked about since taking office…
Returns on state pension fund investments were flat for the first quarter of 2018. That triggered a warning by state Treasurer Dale Folwell about long-term pension stability. Folwell blamed the 0.2 percent gain for the three months ending March 31 largely on a volatile stock market.
