Obamacare rate hikes to hit UNM students

-A A +A

ALBUQUERQUE, N.M. (AP) — University of New Mexico students will likely see a rise in the cost of school-sponsored health insurance.

The Albuquerque Journal reports a regents finance committee approved a 22 percent increase in insurance costs Thursday.

The proposal would raise premiums from $300 to nearly $1,700 annually starting next year.

About 2,000 students, including student employees such as graduate assistants, are covered by the school insurance program.

School officials say the higher rates are due to an expansion of the kinds of care companies must insure and increases in the amount of medical costs insurers must cover under the federal Affordable Care Act.

The proposed fee hike is scheduled to go before the full board of regents June 12 for a vote.