Rate increase denied for Blue Cross and Blue Shield

doctor , health, hospital

ALBUQUERQUE (KRQE) – Rates for Blue Cross and Blue Shield New Mexico customers will not go up by more than 50 percent in 2016.

The state denied the company’s 51.6 percent rate increase request last week.

Albuquerque Business first reports that the company might leave the New Mexico Health Exchange. Blue Cross and Blue Shield says it isn’t able to offer sustainable rates without increasing premiums.

They serve about 35,000 New Mexicans.

 

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