Health insurance increases loom for state workers

Posted at: 06/17/2013 1:22 PM
By: Barry Massey, The Associated Press

SANTA FE, N.M. (AP) - More than 30,000 state and local government workers face a 15 percent increase for their health care insurance starting next month, but it could be only the beginning of higher costs as New Mexico's self-insurance program digs out of a financial hole.

There have been no premium increases for workers for the past five years when government budgets were squeezed. Yet, the fund covering health benefits was projected to be almost $70 million in the red in the upcoming budget year if the state did nothing to the insurance program to deal with rising health care costs.

To help stop the financial bleeding, premiums are going up and health plans were revamped, including raising deductibles.

Risk Management Director A. J. Forte says another round of premium increases is needed.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Print  

Paid Advertisement:




Paid Advertisement:
Know More? Got Photo? Got Video? Correction Needed?

KOB welcomes a lively and courteous discussion as long as you follow the rules of conduct set forth in our Terms of Use. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Use.

Advertisement | Your Ad Here

Advertisement | Your Ad Here

Home
Set Home
SMS Text Alerts
Text Alerts
Email
Email News
RSS
RSS
Android App
Android App
iPhone - iPad App
iOS App

Advertisement | Your Ad Here


Site Index