MORE THAN 30 THOUSAND STATE AND LOCAL GOVERNMENT WORKERS IN NEW MEXICO WILL BE PAYING HIGHER HEALTHCARE PREMIUMS STARTING NEXT MONTH. THEIR RATES WILL GO UP 15 PERCENT IN JULY TO HELP THE STATE'S SELF-INSURANCE PROGRAM DIG OUT OF A FINANCIAL HOLE.
THE FUND THAT COVERS HEALTHCARE BENEFITS WAS PROJECTED TO BE NEARLY 70 MILLION DOLLARS IN THE RED FOR THE UPCOMING BUDGET YEAR IF THE STATE DIDN'T DO SOMETHING TO DEAL WITH RISING COSTS.
IN ADDITION TO HIGHER PREMIUMS, STATE AND GOVERNMENT WORKERS WILL PAY HIGHER DEDUCTIBLES.
