New Mexico Health Insurance Premiums on ACA Look To Drop

It’s good news for New Mexico consumers who purchase their health insurance from the health care exchange. Beginning next year, average monthly premiums will decrease by about 1 percent on the state’s subsidized exchange. There will also be a shift in choices, so consumer rates on the federally subsidized marketplace will range from a decrease of 24 percent to an increase of 6 percent. At the beginning of 2018, premium increases on the exchange set records, mainly because of, many experts say, President Trump’s decision to end federal payments that reimburse insurers for reduced copays and deductibles they’re required to provide to people of modest means. As a result, New Mexico premiums shot up an average of 35 percent in 2018.