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

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

State Treasurer Dale Folwell, who manages the 727,000-member state employee health plan, has announced that the state no longer wants to engage in secret negotiations with individual hospitals over reimbursement rates.

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