State health plan insurance rates set with latest SC House budget proposal - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Health/Employee Benefits News
Newswires RSS Get our newsletter
Order Prints
May 12, 2025 Newswires
Share
Share
Post
Email

State health plan insurance rates set with latest SC House budget proposal

Joseph Bustos, The Herald (Rock Hill, S.C.)Herald

Those on the state health insurance program won’t see an increase in their premiums now that the South Carolina House has agreed with the Senate plan to fully cover the cost of the rate hikes for the upcoming budget year.

The House previously planned to cover only 85% of the increase, which would have led to an increase in rates. But the Senate wants to spend $106 million more a year on the health plan, to make sure those on the health plan don’t pay higher rates.

Now that the House is agreeing with the Senate plan, state employees and teachers who are on the state health plan won’t see an increase in their premiums for the 12th straight year.

House budget writers also opted to match money for school resource officers proposed by the Senate, which put in $21 million in annual money and $8.3 million in one-time money or school safety program to help ensure every school has a police officer on campus.

While the House finalized its version of the more than $14 billion general fund budget it will bring to negotiate with the Senate, much of Tuesday’s debate was on spending that wasn’t in the budget — member directed community investment projects or earmarks.

It led to dozens of proposed amendments for earmarks from state Rep. Jermaine Johnson, D-Richland, who took the opportunity to criticize Senate Finance Chairman Harvey Peeler for opting not to have earmarks in this year’s budget discussion.

House Ways and Means Chairman Bruce Bannister agreed to the plan in order to allow committee staff to focus on income tax reform.

“Are we going to continue to let one man dictate what’s going to happen in the state?” Johnson said of Peeler.

Bannister, however, has said earmarks could be considered in next year’s budget.

“We are taking a one-year pause to consider better ways to do those community investment projects,” Bannister said.

Johnson repeatedly pointed to how Peeler secured money for construction of the Clemson Veterinary School in the last two budget cycles. More than $200 million has been allocated to Clemson for construction of the school, which will be named after Peeler.

Johnson proposed $500,000 for the Anne Frank House at the University of South Carolina, $213,000 for a children’s museum and $500,000 for a sickle cell program, among other proposals.

However, even though Republicans pushed to kill Johnson’s amendments to add individual earmarks, they acknowledged their districts are going without money for projects.

“There are a lot of us who are upset about what’s happening,” said state Rep. Kathy Landing, R-Charleston.

© 2025 The Herald (Rock Hill, S.C.). Visit www.heraldonline.com. Distributed by Tribune Content Agency, LLC.

Older

Urbana-based Carle Health to lay off 612 workers, as it winds down its insurance companies

Newer

Agency tasked with managing public employees’ health insurance set to run out of cash

Advisor News

  • Why federal retirement benefits are more complex than advisors realize
  • Why timing the market is still a retirement mistake and what to do instead
  • Business owners may be overlooking a key part of their financial picture
  • How smart investments prepare clients for inflation
  • Amid slew of corporate tax ideas, Newsom chose one likely to hit people’s premiums
More Advisor News

Annuity News

  • Best’s Special Report: U.S. Life/Annuity Industry Sees Bottom-Line Growth Despite 18% Decline in Total Income in First-Quarter 2026
  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • Fortitude Re Completes $500 Million FABN Issuance
  • Reframing retirement income for greater certainty
  • Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
More Annuity News

Health/Employee Benefits News

  • New Geriatrics and Gerontology Findings Reported from University of Pennsylvania (Health insurance, healthcare access, and their roles in the association between blood lead levels and epigenetic aging in United States adults): Aging Research – Geriatrics and Gerontology
  • Investigators at Avalere Health Report New Data on Atopic Dermatitis (Tralokinumab as a cost-saving treatment option for adults and adolescents with moderate-to-severe atopic dermatitis enrolled in US health insurance plans: a budget impact …): Skin Diseases and Conditions – Atopic Dermatitis
  • NATIONAL BRIEFS NATIONAL BRIEFS
  • Senate sends revenue-raising package taxing software, health plans to Newsom
  • Spotlight on Climate: The good news is that you're alive
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Credit Ratings of Everlake Life Group Members
  • Industry experts warn NAIC: Fix flawed IUL illustrations now
  • InsuranceAUM.com Celebrates a Historic 5th Annual Insurance Investment Executives’ Meeting in Chicago, Honoring Outstanding Industry Leaders and Spotlighting Next Event in Austin
  • Pacific Life Launches Income Horizon™ Collective Investment Trust Series, Transforming Lifetime Income into an Asset Class
  • AM Best Affirms Credit Ratings of Hyundai Marine & Fire Insurance Co., Ltd.
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet