Blue Cross NC calling in its chits on Jones Street
If I’ve said it once, I’ll say it again: We have the BEST legislature money can buy.
Despite what you’re told on the campaign trail, nothing is really done “for the people.” Nothing is truly done for “the good of North Carolina.” Nothing is done to honor “promises made to voters.” It’s ALL being done for the benefit for the BIG DOGS who employ all those lobbyists and write all those big checks. And don’t you forget it.
We told you before about a big money and power grab being orchestrated by Blue Cross of North Carolina.
Basically, here is what’s happening. Blue Cross NC has racked up about $4.6 BILLION in reserves. That’s all money paid in by policyholders. The state department of Insurance has argued that Blue Cross should kick at least some of that back to its customers. Blue Cross has reportedly and repeatedly balked at that idea.
Instead BCNC is turning to the legislators it has bought off — and there’s A LOT OF THEM on both sides of the aisle — to concoct a sweetheart deal for the company. Bills have been introduced — HB 346 and S296 — which allow Blue Cross NC to set up a shell company where billions in reserve cash can be parked. That shell company would be pretty much free of regulatory oversight. There would be few if any restrictions on what Blue Cross could do with the cash. *What could go wrong?*
The House version went before the House Health Committee this morning. I talked with one member of the committee who told me: “The instructions from the speaker’s office were to –regardless of our personal feelings on the bill — shut our mouths and vote YES.”
This House member told me the legislation is likely Blue 
Cross’s way of making up for all of the money they will be losing once Aetna takes over for them managing the State Health Plan.
Insurance Commissioner Mike Causey was in this morning’s Health Committee hearing. We caught up with him later to get his two cents on this cash grab by Blue Cross:
“This is a bad deal for Blue Cross policyholders. Their insurance rates will go up. There will be no accountability for this shell company and the money shifted over there. And there will be little to no transparency. There pretty much will be no regulatory oversight. So a lot of us will never really know what’s going on inside a significant chunk of the company.
Blue Cross could have done some good and passed some savings onto their loyal customers, refunded some of the money they paid in. But they decided to go the selfish route with pet projects and executive bonuses and gosh knows what else.”
Berger and Moore are both cheerleading for this deal. The only way to stop it is to pressure your individual legislators before it is too late.
Berger and Moore are Big Government Bandits who are trying to be “the best politicians that money can buy”. They both should mount red lights above their office doors as they are little more than prostitutes for the special interests. First the sellout to the woke corporations on radical gender ideology (repeal of HB2), then the wellout to woke energy monopoly Duke Energy and the solar and wind grifters on the NC Green New Deal (HB 951), then the sellout to Big Medicine on the Obamacare Medicaid expansion, and now this. They continually sell out Republican voters on principles and taxpayers / ratepayers on money issues, all to pander to the special interests, the liberals and the Democrats.
Conservatives need to remember the legislators who sell us out when it comes primary time. And when swamp whore Timmy Moore runs for Congress, he needs to be blasted long and hard on all of ;this crap. We do NOT need any more special interests whores in Congress. We have too many already. Moore would be another Tillis. Moore probably has dollar signs in his eyes for a Congressional run, which is why he has prostituted himself on this corrupt excrement sandwich.
And we badly need to FLIP THE BERGER in the Senate.
North Carolina has the best leaders in the General Assembly that money can buy. It is time to primary Phil Berger, who endorsed a democrat for Superior Court Judge over a conservative Republican candidate, among other issues, and to primary Tim Moore in a potential congressional race with a strong conservative candidate. Insurance Commissioner Mike Causey speaks the truth. This is a bad deal for BCBS and for the North Carolina. Evelyn Poole-Kober
I questioned Sen. Hise about it several weeks ago. He I believed that BCBS should be allowed to stay competitive. I reminded him of its market share. I also pointed out that it’s a Woke Company and reminded him that they give lots of money to Dems and are trying to have it both ways.
Berger and Moore constantly pander to woke companies. A good example is their NC Green New Deal, HB951 which is a pander to woke utility monopoly Duke Energy, which is all wrapped up in ESG, as well as to the woke solar and wind grifters. Before that they pandered to the woke corporations that demanded that we allow biological men into womens restrooms and locker rooms. A legislature led by Berger and Moore is a little like one led by AOC and Bernie Sanders. They are an embarassment to the Republican Party.
I’m not saying it is impossible but I strain and fail to find a point of disagreement with anything Reganite has penned above.
a remnant son
The liberal NCN News, which for some odd reason is carried on WTIB conservative talk radio station, today reported this same story. They had a sound bite from Commissioner Causey telling what was wrong with the legislation. Who they interviewed in support of this corrupt bill was also telling. It was RINO Senator Jim Perry of Kinston, who is one of the usual suspects for prostituting to liberal woke companies and special interests, just as Perry did on the Obamcare Medicaid expansion, the NC Green New Deal, sports gambling, and lots of other special interest wet dreams. Blue Cross is just another woke special interest for Perry.