ALBUQUERQUE, N.M. — It looks like Obamacare premiums for New Mexico policyholders will spike by double digits in 2018.
Regulators have approved the largest health insurance premium increase in the four-year history of New Mexico’s subsidized exchange, state Insurance Superintendent John Franchini said. Average premium increases for 2018 will range from 36 percent to 41 percent for mid-level insurance coverage, according to an analysis by his office.
The state’s top insurance regulator said the rate increases in 2018 are heavily influenced by uncertainty about whether the federal government will block or discontinue payments to insurers. President Donald Trump has repeatedly threatened to halt these reimbursements to insurance companies in his drive to dismantle the Affordable Care Act, as Obamacare is formally known.