Premera to reimburse Alaska state insurance program $25M

FAIRBANKS, Alaska (AP) — Alaska’s lone individual insurance carrier has reached an agreement with the state Division of Insurance to make a one-time $25 million reimbursement.

Premera Blue Cross Blue Shield of Alaska announced on Friday that its reimbursement will go toward funding high-cost health insurance claims through the Alaska Reinsurance Program, the Fairbanks Daily News-Miner reported.

The state-operated reinsurance program aims to stabilize customers’ premiums by covering claims in the individual health care market for those with one or more of the 33 previously identified higher-cos...