Blue Cross NC awarded 2 State Health Plan contracts
(
Also in its meeting Friday, the North Carolina State Health Plan
This will bring Blue Cross North Carolina back as the third-party administrator after a three-year hiatus. CVS Caremark is the current pharmacy benefits manager for the State Health Plan.
“Blue Cross NC is grateful to be selected to serve the teachers, state employees, retirees, and families on the State Health Plan beginning in January 2028,” a statement from Blue Cross NC said. “As North Carolina’s only not-for-profit health insurer serving all 100 counties, we’re committed to working together with the state, hospitals, providers and members to make health care more accessible and affordable. In the months ahead, our focus is on ensuring a seamless experience for members and partnering with Plan leadership to deliver practical solutions that reduce costs and support better health outcomes.”
In April, the State Health Plan announced that it had canceled the request for proposal for third party administrator services. None of the bids received met the minimum requirements.
According to a release, Blue Cross NC and
It further states that Blue Cross NC’s bid gives the plan the opportunity to save up to a
Reports say the total value of the contract to the plan over three years would cost over
“We continue to believe
The State Health Plan awarded
The change occurred in 2023 under former State Treasurer
After several appeals by Blue Cross NC, along with court cases, the company said in
“Unfortunately, Blue Cross NC was a sore loser in thinking that it was entitled to nearly a half century monopoly on the State Health Plan’s business,” Folwell added in a
Judge
Both contract terms with BCBSNC run from


Warsh says Fed has 'no tolerance' for high inflation but provides no hints on next move
Fed Chair Warsh Acknowledges Inflation Is An ‘Undue Burden’ On U.S. Households. He’s Vowing To Make It ‘A Thing Of The Past’
Advisor News
- Demonstrating the value of life insurance to Gen Z
- Poor money habits are a dealbreaker in a new relationship
- DC plan sponsors see opportunity in alternatives
- The American Dream: Redefined as financial stability
- Partial annuitization: How advisors can help clients balance income, growth
More Advisor NewsAnnuity News
- CA judge certifies class action in teachers’ lawsuit over in-plan annuity fees
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- AM Best Managing Director Joins ‘Target Topics’ Podcast to Discuss State of Delegated Underwriting Authority Enterprises Market
- KBRA Assigns Rating to TruSpire Retirement Insurance Company
- Partial annuitization: How advisors can help clients balance income, growth
More Annuity NewsHealth/Employee Benefits News
- Amid claims of 'playing politics,' Auburn council amends city manager's contract
- OCWNY to hold seminar for disability beneficiaries Friday
- Atrium pushes back after State Health Plan leaves healthcare network out of Tier 1
- Douglas Veterans Claims Clinic Connects Rural Veterans With Critical Services
- Atrium pushes back after State Health Plan leaves healthcare network out of Tier 1
More Health/Employee Benefits NewsLife Insurance News
- Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
- AM Best Upgrades Credit Ratings of Sagicor Financial Company Ltd. and Most of Its Subsidiaries
- Trust, technology and the future of claims
- New York Life Launches an Indemnity Benefit for its Asset Flex Long-Term Care Insurance Solution
- AM Best Affirms Credit Ratings of DB Insurance Co., Ltd.
More Life Insurance News