ALBUQUERQUE, N.M. — New Mexico regulators on Wednesday unveiled details about the health insurance premiums proposed by five insurers for 2017 under the Affordable Care Act, and there are indications the state will not escape the hefty increases also expected nationwide.
The companies made requests that would increase premiums from 3 percent to well into the double digits in preliminary proposals filed with New Mexico Insurance Superintendent John Franchini.
Blue Cross Blue Shield of New Mexico, which is returning to the state’s health insurance exchange after taking a year off, has requested 2017 preliminary increases that range from 20 percent to 83 percent. Those percentages are compared to the company’s 2015 rates.
Among the other four insurers selling on the state exchange, Presbyterian Health Plan is seeking an average increase of 30 percent on its individual plan premiums, while New Mexico Health Connections seeks a bump of 20 to 30 percent on its individual plans.