The Alaska Division of Insurance announced Thursday that it is forcing Portland-based health insurer Moda Health out of the state's individual marketplace for now, leaving Alaskans with only one choice for coverage: Premera Blue Cross Blue Shield.
Lori Wing-Heier, the division's director, said in a statement Thursday afternoon that staff has been closely monitoring Moda's financial status and consumer complaints, determining that Moda has inadequate capital to operate in Alaska in 2016.
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