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Reply to BCBS-NM Leaving New Mexico Exchange Eff: 12.31.2015     
Old 08-26-2015, 09:54 PM   #1
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AllenChicago on BCBS-NM Leaving New Mexico Exchange Eff: 12.31.2015
 
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BCBS-NM Leaving New Mexico Exchange Eff: 12.31.2015 BCBS-NM Leaving New Mexico Exchange Eff: 12.31.2015
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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