.....Advertisement.....
.....Advertisement.....

N.M. Blue Cross hikes premiums

-A A +A
By Associated Press

SANTA FE — State Public Regulation Commissioner Jason Marks is criticizing a rate increase agreement signed by Blue Cross and Blue Shield and the state Insurance Division less than an hour before a hearing called to give critics a chance to talk about the plan.

“Instead of a public process, we got a back-room deal,” Marks said at Monday’s hearing.

The PRC ordered the meeting after protests over an average 24.6 percent increase in Blue Cross and Blue Shield premiums the division granted in December. Some premiums would have risen as much as 29 percent.

But 45 minutes before the meeting, the company and the Insurance Division, which falls under the PRC, signed a settlement decreasing the average rate hike to 21.3 percent. The settlement was signed by Blue Cross, division staff, the state attorney general’s office and insurance customer Jody Neal-Post, who had requested a public hearing.

The increase, retroactive to

April 1, affects about 40,000 people.

Blue Cross attorney Paul Bardacke described the settlement as a mediation.

“Everybody at the end was probably holding their nose about something, but that’s a sign of a good settlement,” he said.

Speakers told Insurance Superintendent Morris Chavez no decision should have been reached before the hearing.


If you subscribe to the newspaper, you receive FREE access to all the exclusive content of the web site! Simply register to receive uninterrupted access to our award-winning and in-depth local online content!

Renew Current or Past Subscription / Register for Online Subscription

If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.

Click the question mark below to see where your account ID appears on your mailing label.

Newspaper Acct. ID:
info
Street Address:
(exactly as it appears on the label)

If you are a subscriber and you do not know your account ID or don't have a copy of your newspaper available that shows the information on the address label you can click continue below to search for your account.

New Subscription/30 Day Free Trial Account

If you are new to the award winning Los Alamos Monitor and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.

ZIP Code:



Create a limited access account.
Register to participate in community forums, post on the community calendar, blog etc. This registration does not give you full access to read our award winning content, etc.

The Los Alamos Monitor | lacirculation@lamonitor.com | 505-662-4185
256 DP Road, Los Alamos, NM 87544
Office Hours are 8:00 a.m. to 5:00 p.m., Monday through Friday