Money and Medicine The proposedchange would save the state an estimated $300 million a year, whilesaving employees and their families $66 million a year. (Photo:Shutterstock)

The state of North Carolina is telling hospitals to get readyfor a pay cut.

State Treasurer Dale Folwell, who manages the 727,000-memberstate employee health plan, has announced that the state no longerwants to engage in secret negotiations with individual hospitalsover reimbursement rates.

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