Folwell: State Health Plan needs $250 million from the legislature, plan for financial stability ...Middle East

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Folwell: State Health Plan needs $250 million from the legislature, plan for financial stability
State Treasurer Dale Folwell (Photo: nctreasurer.com video stream)The health insurance plan covering teachers and state employees needs the legislature to reimburse it for COVID costs and to develop a strategy to address rising healthcare costs over the long term, state Treasurer Dale Folwell told reporters Tuesday.  The legislature has only reimbursed the plan about half of its COVID-related expenses, Folwell said, and needs another $250 million to cover those costs. It’s money that the state received from the federal government to cover COVID expenses. That $250 million would not address the health plan’s long-term financial woes, however.  The plan’s operating reserves will drop below req

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