NEWS: Rep. Wool Introduces Bill to Protect Alaskans from Predatory Insurance Company Practices

Rep. Adam Wool

Juneau – Today, Representative Adam Wool (D-Fairbanks) introduced consumer protection legislation to prohibit insurance companies from raising rates or denying coverage based on credit scores without the customer’s permission.  Currently, insurance companies are allowed to use credit scores to decide whether to cover someone and to set the initial rates.  However, without the customer’s permission they cannot consider credit scores when renewing an existing policy.  House Bill 367 would prevent Alaskans from being denied insurance coverage based on credit scores and would require the customer to give permission for credit scores to be used to calculate prices.

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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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NEWS: Alaska Senate Passes Legislation to Expand the Creamer’s Field Migratory Waterfowl Refuge

Rep. Adam Wool

Juneau – Today, the Alaska Senate unanimously passed legislation sponsored by Representative Adam Wool (D-Fairbanks) to expand the popular Creamer’s Field Migratory Waterfowl Refuge in Fairbanks. House Bill 70 passed the Senate by a vote of 20-0. The bill previously passed the House of Representatives by a vote of 37-1. HB 70 will now go back to the House for concurrence due to minor changes made during the committee process in the Senate.

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