State Health Plan Taps Retiree FundNorth Carolina’s State Health Plan trustees voted unanimously Tuesday to double the plan’s monthly pull from the Retiree Health Benefit Fund to $600 per retiree, to keep it from running out of cash. The temporary increase, retroactive from July through December, is expected to raise about $415 million before year’s end. The plan had been projected to run out of money by late 2026 or early 2027. The plan, which insures teachers, state employees, and retirees, faced a roughly $500 million shortfall this year amid rising hospital and pharmacy costs. Executive Administrator Tom Friedman said the plan must tackle health care costs rather than treat the shortfall purely as a revenue problem. Treasurer Brad Briner, who chairs the board, also announced a deal to bring remaining Atrium Health hospitals and physicians into the plan’s in-network tier. |
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