Rates on the individual insurance market will increase 7.3 percent for
Initially, Premera estimated a nearly 10 percent increase for 2017. With additional time to analyze claims, Premera saw a slight decrease in medical services used by its members, resulting in the lower increase, spokesperson
In May, state
The millions come from a premium tax of roughly 2.7 percent levied on every insurance policy in the state, including renters, life, automotive and health insurance. Essentially, the move spread the cost of the most expensive medical claims to all Alaskans, Wing-Heier explained at the time.
Premera has blamed the highest-cost claims and the state's small insurance pool for the big rate increases.
Without the multimillion-dollar cash injection, rates would have risen 43 percent in 2017, Coon wrote Tuesday.
For 2017, the monthly premium for a 40-year-old in
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. About 75 percent of Alaskans receive federal subsidies for their monthly premiums.
How health care costs are bleeding
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