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 ...

Trump + North Carolina News + Commentary
In dozens of vitally important areas, policy decisions of the Trump administration are dramatically affecting and altering the lives of North Carolinians. This growing collection of stories summarizes and critiques many of the most important decisions and their impacts.