(From Carolina Journal)
Taxes and employee benefits are at the center of the race for N.C. treasurer.
Republican incumbent Dale Folwell and Democrat Ronnie Chatterji are clashing over the future of the state’s finances, including its $108 billion pension fund and health plan.
The candidates met recently as part of the 2020 Hometown Debate Series with Spectrum News and hosted by the nonprofit N.C. Institute of Political Leadership.
North Carolina’s State Health Plan is in trouble.
With $35 billion in unfunded liabilities, the State Health Plan risks going broke in three years. Without reforms, the rising cost of health care will leech more money from taxpayers or shave benefits from state employees.
Folwell promised to save the plan with his Clear Pricing Project, a push for price transparency that tethered payments to Medicare rates. He has described the current plan as a blank check to hospitals, written by a state that “didn’t have a clue” what it was spending.