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

One-stop early voting for North Carolina’s May 8 primary election is a little over a month away, but [...]

A lone Southern yellow pine tree has stood in the middle of Marvin Winstead’s Nash County field for [...]

Tallulah Cloos, 18, sometimes ponders ideal hiding spots if an active shooter were ever to terrorize [...]

Public hearing scheduled for next week This week the North Carolina Historical Commission’s Confeder [...]

Penny-wise, pound-foolish. So declared a disappointed English lord in response to his heir’s poor fi [...]

U.S. Education Secretary Betsy DeVos gave another embarrassing and cringe-inducing media interview t [...]

The post Home to Roost appeared first on NC Policy Watch. [...]

Matthew was struggling to keep up with his second grade classmates in reading, was sleeping in class [...]