THE BIGGEST INCREASES FOR HEALTH INSURANCE PREMIUMS ON NEW MEXICO’S SUBSIDIZED EXCHANGE ARE APPROVED BY THE STATE’S INSURANCE REGULATORS. THE AGENCY SAYS AVERAGE PREMIUMS WILL NOW RANGE 36 PERCENT TO 41 PERCENT HIGHER FOR MID-LEVEL PLANS FOR NEXT YEAR.
OUR NEWS PARTNER, KOB TV, REPORTS NEARLY A THIRD OF THE PRICE HIKES APPROVED ARE DUE TO UNCERTAINTY AS TO WHETHER THE FEDS WILL BLOCK OR EVEN DISCONTINUE SUBSIDIES FOR INSURERS. STATE INSURANCE SUPERINTENDENT JOHN FRANCHINI SAYS RATES ARE UP BECAUSE NOT ENOUGH PEOPLE ARE USING THE STATE’S FEDERALLY SUBSIDIZED MARKETPLACE.
