Rep. Wool’s Newsletter: Fighting to Lower Health Insurance Costs

Rep. Wool Newsletter

I was working on this week’s enewsletter about my bill to lower health insurance costs by reforming the rate review process, and then news broke yesterday afternoon that makes this bill even more important. Yesterday, the Division of Insurance announced it was cancelling Moda Health’s ability to sell or renew health insurance plans in Alaska. This leaves Premera Blue Cross Blue Shield as the only company selling individual health insurance, and now that one provider has a monopoly it is more important than ever that we a strong rate review process to protect Alaskans from unfair prices.

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NEWS: Concerns Raised About Monopoly of Individual Health Insurance in Alaska

Rep. Adam Wool

Juneau – Today, the Alaska Division of Insurance cancelled Moda Health’s ability to sell health insurance in Alaska. That leaves Premera Blue Cross Blue Shield as the only company selling individual health insurance plans in Alaska. Representative Adam Wool (D- Fairbanks) responded to the news by highlighting the need to reform Alaska’s health insurance rate review process. Rep. Wool is the sponsor of House Bill 239 which would create a series of reforms to strengthen the Division of Insurance’s review process and make sure consumers are informed of proposed rate increases.

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Rep. Wool’s Newsletter: Thank you Fairbanks for sending your thoughts on the budget!

Rep. Wool Newsletter

Thank you for filling out my 2015 State Budget Survey. I received over 200 responses, and I appreciate each of you taking the time to share your thoughts and concerns about our state budget. It was clear from many of your responses that you understand there are no easy answers to solving the budget shortfall, and it will require a combination of cuts and new revenues. I enjoyed reading all your comments and ideas, and appreciate that you took the time to share them with me. As I begin the legislative session, it helps me to know what your priorities are.

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