In an application posted Wednesday, the
Under that reinsurance program, the state is spending
With the highest-cost claims off the small individual market,
And with those Alaskans off the individual market, the federal government is saving money, too, the state says.
The federal government pays tax credits for Alaskans getting their insurance on the individual market who fall within a certain percentage of the federal poverty level.
Ninety percent of people on the federal marketplace received subsidies in 2016, an independent actuarial report says. The federal government has spent
Because of the state's reinsurance program, in 2018, the federal government will save
"It's not quite 1-to-1, but it's a good start," said
Should the application be approved, federal funding would begin in
In May, Wing-Heier warned
About 23,000 Alaskans get their health insurance through the individual market, a component of the Affordable Care Act that went into effect in 2014.
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