New Mexico health insurance Archives

Nearly all nonprofit health insurance co-ops are shutting down

September 9, 2020September 8, 2020 G. Turner

Nonprofit health insurance co-ops - Stethoscope

Of the approximately two dozen that existed during the first few years of ACA, only 3 will soon remain. In the early days of the Affordable Care Act (ACA), there were about two dozen nonprofit healthy insurance co-ops. However, now that New Mexico Health Connections announced it will be shutting down at the close of 2020, that number will fall to only 3. Among the three remaining, one is in Maine, one is in Wisconsin and one is in Idaho and Montana. That last of the nonprofit health insurance co-ops…

New Mexico gives residents a nudge for health insurance

December 14, 2015December 12, 2015 H. Cutner

Capital Building Santa Fe New Mexico health insurance

As the deadline rapidly approaches, the state has been reminding residents that they should act quickly. New Mexico has been reminding people who have not yet purchased their health insurance that they should head to the state exchange if they want to be sure they’ve bought their coverage in time for the first deadline on December 15. For people who want their coverage to start on January 1, 2016, they need to buy a health plan by Tuesday. The final deadline for the open enrollment period is going to be…

New Mexico hospitals cite expansion of health insurance as reason for falling costs

November 17, 2015November 15, 2015 Logan B.

New Mexico health Insurance Regulation Structure

Hospitals report falling costs due to more consumers having health insurance coverage New Mexico hospitals are reporting seeing lower costs in providing consumers medical care, even if they do not have health insurance coverage. According to a report from the Legislative Finance Committee, this is due to the expansion of the state’s Medicaid program through the Affordable Care Act. This has allowed more people to receive the medical care they need at relatively lower costs. This has had a positive financial impact for hospitals, as they are spending less money…

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

September 1, 2015August 30, 2015 Logan B.

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 companies in New Mexico may help cover the costs of vaccinations for children

February 11, 2015February 10, 2015 S.Vagus

childhood vaccinations vaccine injection needle health insurance

New bill will require insurance companies to pay into a state vaccination program A new legislation in New Mexico would require the state’s health insurance companies to help cover the cost of vaccines for privately insured children. New Mexico is one of a small number of states that have a universal vaccine purchasing program in place. These programs are meant to boost immunization rates and, potentially, make the state a healthier place for children. Paying into this program is completely voluntary, as vaccinations have become a somewhat controversial issue. Insurers…

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…

New Mexico Medicaid to be expanded

January 23, 2013April 30, 2013

New Mexico Medicade Susana Martinez Governor of NM

New Mexico Medicaid system will be expanded to accommodate more people Last week, New Mexico Governor Susana Martinez announced the state’s commitment to expanding its Medicaid program in a move to better align the state with the Affordable Care Act. Per the federal law, states have the option to expand their Medicaid programs in order to make them more accessible to a wider range of people. New Mexico is keen to address some of the issues concerning the lack of health insurance coverage among low-income individuals and families by ensuring…