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Joint News Conference BCBSNC and NCDOI

Today I was thrilled, excited, and thoroughly surprised when CEO Brad Wilson announced the biggest refund to BCBSNC individual policyholders I have ever heard of.

On top of that the rate increases were less than were expected saving policyholders $14.5 million dollars.

Brad Wilson and Commissioner Wayne Goodwin sounded optimistic about Health Care Reform. My own feeling is Health Care Reform is good for the medical insurance business. Yes they will have to change their business model.

But the old model would not last in the long run. Insurance depends on having as many policyholders as possible and with economy and rising costs less and less people would be able to afford future policies and out of pocket costs.

This was a one time refund but shows a CEO who is steering his health insurance company in the right direction.  He has shown Health care Reform is a good thing for the people of North Carolina and the insurance industry.

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Joint News Conference BCBSNC and NCDOI