State health exchange looking at financing options

Created: 05/01/2014 10:50 AM
By: The Associated Press

SANTA FE, N.M. (AP) - New Mexico's state-run health insurance exchange is asking the public for its views on how to raise about $24 million annually to pay for operating the online marketplace starting in 2016.

Among the options are fees on private insurance companies selling policies in the state.

Exchange governing board chairman J. R. Damron said Thursday no decision will be made for several months on a financing plan.

The board is soliciting public comments through the end of the month.

The federal government currently is picking up the tab for developing and running exchanges in New Mexico and across the country.

New Mexico initially relied on a federally operated online system for enrolling individuals. The state-run exchange handled small businesses but will assume the job of individual enrollment this fall.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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