NEWS: Concerns Raised About Monopoly of Individual Health Insurance in Alaska
January 28, 2016
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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