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Division of Insurance Issues Statement on Premera Market Performance


March 30, 2017 JUNEAU – Lori Wing-Heier, director of the Alaska Division of Insurance, issued the following statement today in response to the release of Premera Blue Cross Blue Shield of Alaska’s 2016 financials:


“As soon as the Division of Insurance was made aware of Premera’s higher than expected net income for 2016, we began verifying the company’s financial statements. While we have not uncovered anything out of the ordinary, we are doing our due diligence—early this month I ordered a financial examination to independently verify what we’ve been told. We are also working closely with representatives from Premera to ensure this does not adversely affect 2018 individual and small group filings, the reinsurance program, or Alaska’s Affordable  Care Act 1332 waiver application.” –Lori Wing-Heier


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