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).