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

September 1, 2015August 30, 2015 Logan B.

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…

Health insurance exchange moves a step forward in New Mexico

March 15, 2013March 13, 2013 Logan B.

Health insurance plans see progress New Mexico is moving one step closer to establishing a state-run health insurance exchange. The effort has received support from both Democrats and Republicans who consider the state’s running its own health insurance exchange could be in the best interests of New Mexico residents. A proposal for the exchange has was the approval of state lawmakers and is now on track to form an operational health insurance exchange that could begin selling policies by October of this year, complying with federal regulations outlined in the…

Health insurance exchange from New Mexico is on its way

January 11, 2013April 30, 2013

The state’s Republican Governor, Susana Martinez has spearheaded the online marketplace. New Mexico, like all other states in the country, will have a new health insurance exchange in place before the end of the year, and within that particular state, the governor has spearheaded the initiative to ensure that consumers will be able to access the marketplace within the next 10 months. These online marketplaces are at the very heart of the federal healthcare reforms from President Obama. The goal of both the federal healthcare reforms and of the design…