HHS Approves Alaska's 1332 State Innovation Waiver for State-Based Reinsurance
July 12, 2017:
On July 7, 2017, the U.S. Department of Human Services, along with the Department of the Treasury, approved Alaska's 1332 Waiver proposal seeking federal funding of its state-based reinsurance proposal. The state was awarded $48.3 million in federal pass-through funding in 2018 and a total of $322 million over five years. This is the first such waiver that has been approved to date, with two more--from Minneosta and Iowa--under review.
SHADAC is tracking state reinsurance proposals as they are submitted and reviewed by HHS, and we have updated our blog with details that reflect this newest development.