The Alaska House allowed subsidizing certain health insurance plans with $55 million, according to JuneauEmpire.com.
Here are seven points:
1. House legislators approved the bailout to avoid the state's health insurance market collapse.
2. Taxes levied on many insurance policies would help the state amass $55 million.
3. The Alaska Division of Finance Committee cautioned the individual health insurance market would collapse if nothing was done.
4. The state's small population and high costs are to blame for the precarious market situation.
5. Payers continue to request great premium increases, but the state won't budge.
6. Since 2013, three payers have exited the state's market; only Premera is left.
7. The Senate must approve the bill, which Gov. Bill Walker would then sign.