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Sunday, April 14, 2024

Health insurers propose rate hikes for 2017

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New Mexico regulators have unveiled details about the health insurance premiums proposed by insurers for next year and there are indications the state will not escape the hefty increases expected nationwide.

Rate hikes for 2017 could reach well into the double digits. More than 12 million people get coverage through the health law’s markets, which offer subsidized insurance. But the increases could also affect several million who purchase policies outside the government system.

In New Mexico, several insurers have filed proposals that include average increases ranging from a half-percent to more than 83 percent. Those initial estimates may change. Regulators must review the proposals and public hearings will be held before a final decision comes later this year.

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