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.
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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.