North Carolina’s State Treasurer is calling for emergency funding to shore up the State Health Plan.
Treasurer Dale Folwell is requesting $313 million from the state legislature to cover unreimbursed expenses from COVID-19 testing and treatment during the pandemic.
He says the plan spent $500 million dollars for actual COVID-related expenses, and was only reimbursed for about half of that. In addition, Folwell says rising Medicare Advantage premiums will require an additional $66 million.
The SHP’s board voted to end coverage of GLP-1 drugs for weight loss because of the high costs, but Folwell said even with the change, the plan will still need an additional $89 million in revenue for next year.
