Colleges and Universities: paving the way to poverty via government subsidies and government mandated insurance.
The College Fix:
Last year, a tuition hike at the University of North Carolina provoked intense debate among students, but an increase of a far greater magnitude for students who are covered by the UNC system Pearce & Pearce (now Chartis) health insurance plan hasn’t received nearly the same attention.
Dollar-for-dollar, tuition at UNC is going up $695 or 9.9 percent for academic year 2012-2013 while costs for the health insurance plan are increasing $497 or 54.0 percent for the same period. UNC is by no means alone—rates at UNC-Asheville will shoot up 95.0 percent from last year. This increase will affect the 5,895 students on the plan at UNC and the approximately 64,000 students on the plan system-wide.