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.
More articles on payer issues:
Michigan insurers seek up to 39% premium rate increases
Montanans face up to 62% premium rate hikes
AHPI: Small percent of high-need policyholders drive healthcare costs
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