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Health Care Industry

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As we kick-start 2023, many parents are rebalancing their budgets and looking for ways to save money amid inflation. Parents who often look forward to getting sizable tax refunds may end up with a noticeable reduction. This could be due in part to reductions in the child and dependent care credit as well as the child tax credit. Parents can reevaluate some of their child-related expenses to save money in 2023. Some common expenses they can review include health insurance plans, entertainment for their kids, child care expenses and groceries.

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North Carolina’s health plan for state employees, teachers, retirees and their family members has chosen insurance giant Aetna to administer the plan starting in 2025. State Treasurer Dale Folwell announced the contract award on Wednesday. The plan chose Aetna over two other firms, including Blue Cross and Blue Shield of North Carolina, which has held the job for over 40 years. There are well over 700,000 people enrolled in the plan that generates billions of dollars in claims annually. Blue Cross said it's pursuing an appeal. Folwell and the plan say the Aetna contract could result in $140 million in cost savings should it extend to the full five years.

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