State Treasurer Dale R. Folwell, CPA was released from Wake Forest Baptist Medical Center after five days of treatment due to symptoms related to the COVID-19 virus. A little more than a week ago, he was diagnosed with the virus. It has primarily impacted his respiratory system, producing a severe cough. As he was convalescing at home, the cough became more acute, resulting in his physician, Dr. John Bernot, M.D., recommending that he admit himself to the hospital.
Press Releases
State Treasurer Dale R. Folwell, CPA, and the State Health Plan (Plan) today announced that the Plan is waiving the cost of treatment for members diagnosed with COVID-19, including associated deductibles, copayments, and coinsurance. The Plan previously announced that it was also covering the cost associated with the testing of COVID-19.
After a recent, long-planned trip with my son, I returned early to Raleigh on Monday, March 16, for three days to address the growing volatility and downturn in the financial market, and its impact on the state pension plan’s $100 billion in investments. As many who know me can attest, I have a perennial cough that I believe is a reaction to my tendency to stutter as a child. Upon my return to work, I experienced what I thought was my seasonal reaction to spring pollen which has always severely accentuated my cough.
State Treasurer Dale R. Folwell, CPA, today sought to reassure the state’s citizens and business leaders that North Carolina’s government is on strong financial footing and is well-positioned to weather the storm caused by the COVID-19 pandemic. The pandemic has closed schools and businesses across the state, causing severe economic disruption.
State Treasurer Dale R. Folwell, CPA, announced today that the State Health Plan (Plan) Board of Trustees (Board) authorized the Treasurer and executive administrator to take actions within their authority to preemptively address and quickly respond to COVID-19 for the benefit of Plan members without consultation with the Board.The Board resolution called the ongoing outbreak a fluid, rapidly evolving situation that the Plan is monitoring closely and for which the Plan is evaluating appropriate actions daily.
State Treasurer Dale R. Folwell, CPA, and the State Health Plan today announced the award of the Medicare Advantage Fully Insured Plan and Related Services contract to Humana. The contract, awarded by the State Health Plan Board of Trustees, will provide Medicare Advantage products to the Plan’s Medicare-eligible members with services beginning Jan. 1, 2021.
State Treasurer Dale R. Folwell, CPA, issued the following statement:We want to assure the nearly 950,000 members who are paying into or receiving pension payments from the North Carolina Retirement Systems that the stock market’s recent downturn will have no impact on their pension payments. As of today, the state pension plans are down less than 1%. This is because the plans have been conservatively managed under the Folwell administration and other administrations for the past 50 years.
State Treasurer Dale R. Folwell, CPA, and the State Health Plan (Plan) today announced the award of Third-Party Administration Services to Blue Cross and Blue Shield of North Carolina (Blue Cross NC). The Plan consists of more than 727,000 participants, which is equal to the combined domestic employment of Berkshire Hathaway, J.P. Morgan and Amazon.
My calling for the Governor to replace Secretary Trogdon was never personal. It was, however, about the need for change at the top of an organization that has lost its financial way.Just last week, the Governor’s Department of Transportation (DOT) asked for another $100 million from the Highway Trust Fund (HTF) to overcome February shortages. This is in addition to the over $2 billion in overspending last year including more than $1 billion taken from the HTF.
The Debt Affordability Advisory Committee’s report is an annual, nonpolitical, informational report from a bipartisan committee. It is required by statute to analyze the state’s debt capacity. That capacity is directly related to the state’s creditworthiness. The state is no more or less creditworthy today, than it was the day before the report was issued.