Uncategorized

Historic – NC Blue Cross announces $155 million rate refunds

More later, but this signals because of the recently-passed health care law a new aggressiveness on the part of NC Dept of Insurance Cmmsr Goodwin to review health insurance rates and a significant turnabout for NC Blue Cross to look toward its nonprofit obiligations. Not to mention a huge political boost for supporters of the health law – not only are rate increases moderating this year, but hundreds of thousands of North Carolinians are getting refunds. Details:

–Goes to individual policyholders in Blue Advantage and Blue Options (215,000 policies, over 300,000 people)
–Total is $155.8 million from reserves
–Refund will be about 1.5 months worth of premiums
–According to BCBS CEO Brad Wilson, results from the new health law and a resulting change in the reserves needed for these policies.

One Comment


  1. […] The Progressive Pulse – Historic – NC Blue Cross announces $155 … […]

Check Also

Senator Richard Burr: Makes up his own facts about NC Medicaid in order to criticize it

North Carolina’s Senator Burr used to be a ...

Top Stories from NCPW

  • News
  • Commentary

When Gov. Roy Cooper visits Wilmington on Monday, it's unlikely that he will be greeted by the [...]

When Gov. Roy Cooper signed the Strengthen Opioid Misuse Prevention or STOP Act into law last month, [...]

Support for needy districts and key positions within North Carolina’s top public school agency may b [...]

Wilmington is bustling this summer. Downtown, horse-drawn carriages take tourists along the riverfro [...]

It’s not an original thought to point out that the Trump Administration is a larger version of what [...]

Why this is not “business as usual” and should not be condoned Sometimes all one can do is stand and [...]

5.0---percentage of overall state spending in the 2017-2018 budget passed by the General Assembly as [...]

The post A legislative addiction appeared first on NC Policy Watch. [...]

Featured | Special Projects

NC Budget 2017
The maze of the NC Budget is complex. Follow the stories to follow the money.
Read more


NC Redistricting 2017
New map, new districts, new lawmakers. Here’s what you need to know about gerrymandering in NC.
Read more