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August 26, 2015
Blue Cross Blue Shield of New Mexico announced today that it is pulling out of the New Mexico health insurance exchange. The company's request for a 51% rate increase for 2016 was denied by the state. In response, BCBS-NM lowered that request all the way down to an 11% increase. The state didn't allow that either. Go figure...
Story: Blue Cross and Blue Shield of New Mexico has confirmed that it will not offer on-exchange health insurance products on the New Mexico Health Insurance Exchange in 2016 - Albuquerque Business First
BCBS-NM is a sister company to BCBS-TX-IL-MT-OK, all owned by Health Care Service Corporation (HCSC).
Blue Cross Blue Shield of New Mexico announced today that it is pulling out of the New Mexico health insurance exchange. The company's request for a 51% rate increase for 2016 was denied by the state. In response, BCBS-NM lowered that request all the way down to an 11% increase. The state didn't allow that either. Go figure...
Story: Blue Cross and Blue Shield of New Mexico has confirmed that it will not offer on-exchange health insurance products on the New Mexico Health Insurance Exchange in 2016 - Albuquerque Business First
BCBS-NM is a sister company to BCBS-TX-IL-MT-OK, all owned by Health Care Service Corporation (HCSC).
