An Act relating to coverage under a state plan provided by the Comprehensive Health Insurance Association; establishing the Alaska comprehensive health insurance fund; relating to a reinsurance program; relating to the definition of ‘residents who are high risks’; relating to an application for a waiver for state innovation for health care insurance; and providing for an effective date.

This bill sets up a $55 million fund, which is financed through an existing tax on all insurance companies, in order to subsidize enrollees’ costs as the state struggles with Obamacare price spikes.