Effective December 31, Albuquerque, N.M.-based Presbyterian Health Plan will no longer offer individual health plans on the Affordable Care Act exchange, reports Santa Fe New Mexican.
The change affects nearly 10,000 New Mexico residents who received federal subsidies to buy insurance from Presbyterian on the federal exchange. Presbyterian has asked network physicians to accept alternative forms of insurance so policyholders may continue to see their same providers through the end of the year.
The insurance plan is expected to lose about $23 million on its individual plans this year, according to the article.