Stop the games. Make NC healthier by expanding weight-loss drug coverage | Opinion - 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
October 23, 2024 Newswires
Share
Share
Post
Email

Stop the games. Make NC healthier by expanding weight-loss drug coverage | Opinion

Rob Bridges, The Charlotte ObserverCharlotte Observer

North Carolinians have many reasons to care about new medicines that reduce obesity. For one, 45% of us are considered obese, with body mass indices of 30 or higher, a bit above the national average. Partly as a result, we also exceed national averages for heart disease, strokes, heart attacks, diabetes, high blood pressure, kidney disease and arthritis.

Diet and exercise alone are rarely successful in treating obesity. But after years of development by scientists, doctors and ordinary people in clinical studies, six FDA-approved treatments, such as Wegovy, Saxenda and Zepbound, are available to help people with obesity treat their condition safely and effectively. North Carolinians can be proud that drug makers are investing billions of dollars in our state and hiring our people to manufacture these life changing medications.

But despite the benefits of such medicines, many people who could most benefit from them can’t get them. Although these medicines are affordable when covered by insurance, many plans do not yet cover them.

State and federal lawmakers have made nearsighted decisions to pay for the costs of obesity but not the cost to treat it. They should reconsider policies that limit the availability of these life-saving drugs in state health plans and in the Medicare Prescription Drug Program, and they should encourage private employers to include them in their health insurance plans.

Estimates of treatment costs are overblown. Discounts from drug manufacturers to health insurers and pharmacy benefits mangers reduce the costs by 50-80%. As more patients discover the benefits of these drugs, more competitors move into the marketplace, which also lowers prices. Even so, some insurers and pharmacy benefits managers refuse to cover them for their patients. That’s shortsighted, because the costs of treating diabetes, heart disease and other illnesses tied to obesity are increasingly a bigger share of what we spend on health care.

North Carolinians should be especially disappointed by the State Health Plan’s Board of Directors’ narrow vote in January to cancel obesity medicine coverage for about 750,000 public employees and their families. This action was taken at the behest of outgoing State Treasurer Dale Folwell.

In a recent letter to U.S. Sen. Ted Budd, state House Speaker Tim Moore said that Folwell’s “math does not add up,” adding his reasons conflict for rejecting the drug. First Folwell blamed “corporate greed,” even though the State Health Plan Board’s data showed that pharmacy claims had declined and were expected to keep dropping, while medical claims were rising and increasing costs. Then in a June 3 letter to state lawmakers, Folwell blamed the state health plan’s challenges on the federal Inflation Reduction Act and federal regulations. Which is it?

Recently, Folwell spoke at a forum in Washington D.C. hosted by U.S. Sen. Bernie Sanders of Vermont advocating for government price controls and giving away drug patents of companies manufacturing in North Carolina to generic drug makers, threatening jobs in the state.

Many brand name and generic drugs Americans depend on are manufactured in China. As the COVID pandemic showed us, we must end our dependence on foreign supply chains. Folwell and Sanders should acknowledge that the right way to lower prices on obesity drugs is through better insurance coverage, not price controls.

State lawmakers should require the State Health Plan Board to restore weight loss drug coverage to North Carolina’s 750,000 workers, allowing the state to negotiate big discounts for covered medicines. North Carolina is a leader in pioneering medical research and advanced manufacturing. But because the state doesn’t offer insurance coverage for obesity treatment, it’s missing out on the benefits of some of its own products for its own people.

Meanwhile, the state and federal governments cover obesity medicines for low-income citizens on Medicaid, but not for the elderly ill and disabled on Medicare. So people receiving successful treatment under Medicaid can lose it when they transition to Medicare at age 65, harming some of our most vulnerable citizens.

Six of North Carolina’s members of Congress — two Republicans and four Democrats — have co-sponsored federal legislation that would lift the ban on Medicare obesity treatment. Republican U.S. Sen. Thom Tillis can use his influence on the powerful Senate Finance Committee to support it.

North Carolina can do better. Let’s stop playing political games and instead make our people and our economy healthier at the same time.

©2024 The Charlotte Observer. Visit charlotteobserver.com. Distributed by Tribune Content Agency, LLC.

Older

Insurance Will Cover IVF for 9 Million Californians | Insurify

Newer

Crypto-Backed California Republican Attacks Opponent for Owning Crypto

Advisor News

  • IRI pitches retirement agenda to Jeffries as democrats shape affordability platform
  • Help child-free clients plan for their later years
  • When new investment trends emerge, Gen Z is most likely generation to be first in
  • Could ‘plain English’ become an advisor’s secret weapon?
  • IRI urges Senate action on 403(b) parity legislation
More Advisor News

Annuity News

  • Guidance, bulletin or reg? NAIC debates form of annuity illustration update
  • Nationwide adds mutual fund-linked strategy to New Heights Select FIA
  • NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
  • NAIC working group pressed to accelerate annuity illustration overhaul
  • State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
More Annuity News

Health/Employee Benefits News

  • THE HISTORY OF HOMECARE FRAUD: NGO'S, BUREAUCRATS, AND LABOR UNIONS UNDERMINED MEDICAID FRAUD PREVENTION
  • New York approves increase for health insurance in 2027
  • Keep the transcript; Don’t delete the audio
  • State announces rates for 2027 Affordable Care Act plans
  • More than half of insured Americans fear a major medical bill
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Agam Capital Advises JAB Insurance on Completing the Acquisition and Successful Rehabilitation of Columbian Financial Group
  • Former Lawrence County deputy indicted in alleged life insurance fraud scheme
  • Life insurance sales rise across all product lines in Q2, Wink reports
  • TDCI reminds consumers to focus on future during Life Insurance Awareness Month
  • TDCI reminds consumers to focus on the future during Life Insurance Awareness Month
Sponsor
More Life Insurance News

- Presented By -

NEWS INSIDE

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

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
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.