Obamacare Co-Op in New Mexico Requests 80 Percent Rate Hike

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One of the few remaining co-ops created from Obamacare is requesting rate hikes of 80 percent for next year, the Associated Press reported.

CEO of New Mexico Health Connections Martin Hickey said that not only will rates be likely raised to 80 percent next year, but that increasingly young, healthy individuals are dropping out from the exchange.

"Insurance providers have been left to guess whether the federal government will continue to pay subsidies for out-of-pocket expenses such as copayments and deductibles for lower-income patients," the article said. "Requirements that taxpayers maintain coverage or pay a penalty are also in limbo."

According to the superintendent of insurance, more detailed rate increases will be available later in June.

Ali Meyer

Ali Meyer   Email Ali | Full Bio | RSS
Ali Meyer is a staff writer with the Washington Free Beacon covering economic issues that expose government waste, fraud, and abuse. Prior to the Free Beacon, she was a multimedia reporter with CNSNews.com where her work appeared on outlets such as Drudge Report and Fox News. She also interned with the Heritage Foundation and Pacific Research Institute. Her Twitter handle is @DJAliMeyer, and her email address is meyer@freebeacon.com.

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