THOUSANDS OF NEW MEXICANS WITH QUALIFIED INDIVIDUAL HEALTH CARE PLANS COVERED BY BLUE CROSS-BLUE SHIELD COULD BE SEEING A SIZABLE RATE INCREASE. THE ALBUQUERQUE JOURNAL REPORTS THE COMPANY IS ASKING NEW MEXICO INSURANCE SUPERINTENDENT JOHN FRANCHINI FOR A RATE HIKE AVERAGING 51-POINT-6 PERCENT FOR POLICIES IN 2016.
IT WOULD IMPACT CUSTOMERS WHO BOUGHT COVERAGE THROUGH THE NEW MEXICO HEALTH INSURANCE EXCHANGE AND FOR OTHERS WHO BOUGHT SIMILAR PLANS ELSEWHERE. BLUE CROSS BLUE SHIELD TOLD THE JOURNAL THE RATE INCREASE REFLECTS ACTUAL COSTS RATHER THAN ESTIMATED COSTS.
