BCBS-NM Leaving New Mexico Exchange Eff: 12.31.2015

Discussion in 'Health Insurance Exchange Forum' started by AllenChicago, Aug 26, 2015.

  1. AllenChicago
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    AllenChicago Well-Known Member

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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).
     
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