Alaska: Final avg. unsubsidized 2023 #ACA rate changes: +19.1%


Alaska is also a sparsely populated state with only two carriers on their individual market and four on their small group market. Alaska's insurance department website is useless when it comes to getting rate filings or enrollment data; I had to use the federal Rate Review site to even get the requested rate changes.

Fortunately, Premera Blue Cross includes a summary which lists their enrollment numbers, and with Moda being the only other carrier on the market, I was able to estimate a weighted average (assuming Moda only has around 2,200 enrollees, which seems about right given Alaska's total on-exchange enrollment of roughly 23,000 people).

Back in July, the preliminary 2023 rate filings averaged out at an ugly 18.7% between the two.

However, the final/approved rate filings for 2023 are out now that we're into the Open Enrollment Period, and while Premera saw a slight reduction in their rate hike, Moda's are jumping from a 4% increase to a whopping 12.1%. Wow.

This doesn't impact the weighted average statewide by much, since Moda has such a small market share, but it still means that unsubsidized Alaska enrollees are looking at a 19.1% average premium increase.

On the small group market, the unweighted average increase is 4.8%.