Blue Cross Blue Shield of New Mexico pulling out of state’s health insurance exchange

Capital Building Santa Fe New Mexico health insurance

Insurer will not be providing individual coverage through state’s exchange next year Blue Cross Blue Shield of New Mexico will be exiting the New Mexico health insurance exchange next year, according to the state’s Superintendent of Insurance, John Franchini. The insurer is pulling out of the exchange marketplace after having its rate increase proposal denied by state regulators. Blue Cross Blue Shield had sought approval for a significant increase in premiums for coverage it would provide in 2016, but state regulators found that the amount that the insurer wanted to…

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