The following editorial first appeared in Ketchikan Daily News:
Competition is healthy.
That one of only two companies offering individual health insurance policies to Alaskans is compelled by costs to exit that market is sickening.
Moda Health will leave the market to Premera Blue Cross Blue Shield, effective Jan. 1.
But, what else can Moda do? It cannot afford to stay. It has about 14,000 individual members, and the cost of providing their insurance exceeds the amount the company collects in premiums.