The insurer’s request of a 52 percent premium hike for the 2016 marketplace didn’t get approved, prompting it to leave the exchanges. New Mexico Insurance Superintendent John Franchini said he was only going to approve a 24 percent increase, according to the report.
But now BCBSNM is planning on offering plans for 2017. “Blue Cross and Blue Shield of New Mexico has filed products and pricing for next year,” said President Kurt Shipley. “We believe that consumers will find our 2017 offerings to be competitively priced with offerings from other New Mexico carriers.”
The insurer will file its final rate proposals for 2017 by mid-June. Five other insurers who sold plans on the 2016 exchanges — New Mexico Health Connections, Molina Healthcare of New Mexico, Christus Health Plan and Presbyterian Health Plan — are also expected to file proposals for 2017.
More articles on payer issues:
UnitedHealth to exit Indiana ACA exchanges in 2017
Colorado lawmakers consider moving from 9 regions for insurance premiums to 1
UnitedHealthcare exits Maryland market, other insurers seek rate increases
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