From the
New Mexico Independent -
By Bryant Furlow - Blue Cross Blue Shield of New Mexico Friday petitioned the state Supreme Court to block acting insurance superintendent Johnny Montoya’s suspension of a controversial 21 percent health insurance rate hike. “This case is about fundamental fairness and adherence to the law,” Blue Cross Blue Shield attorneys wrote in the petition, which described Montoya’s suspension as “unlawful and unconstitutional.” The company is represented by the Sutin, Thayer and Browne law firm of Albuquerque. The Independent received no response to a request for comment from Montoya Monday. Montoya’s suspension of the rate hike approval was “right and necessary,” according to Public Regulation Commission (PRC) commissioner Jason Marks. An expert hired by the state Attorney General’s office had concluded the rate hike was unjustified and the company had “inflated” its losses. But just a day before a scheduled public hearing on the proposed rate hike, a weekend deal was stuck between the Attorney General’s office, Blue Cross Blue Shield attorneys, and Insurance Division staffers, leading former insurance superintendent Morris “Mo” Chavez to approve a 21.3 percent rate hike. Marks had denounced that weekend settlement at the time as “a back room deal.” Read more
Blue Cross takes rate hike fight to NM Supreme Court
From the New Mexico Independent - By Bryant Furlow - Blue Cross Blue Shield of New Mexico Friday petitioned the state Supreme Court to block acting insurance superintendent Johnny Montoya’s suspension of a controversial 21 percent health insurance rate hike. “This case is about fundamental fairness and adherence to the law,” Blue Cross Blue Shield attorneys wrote in the petition, which described Montoya’s suspension as “unlawful and unconstitutional.” The company is represented by the Sutin, Thayer and Browne law firm of Albuquerque. The Independent received no response to a request for comment from Montoya Monday. Montoya’s suspension of the rate hike approval was “right and necessary,” according to Public Regulation Commission (PRC) commissioner Jason Marks. An expert hired by the state Attorney General’s office had concluded the rate hike was unjustified and the company had “inflated” its losses. But just a day before a scheduled public hearing on the proposed rate hike, a weekend deal was stuck between the Attorney General’s office, Blue Cross Blue Shield attorneys, and Insurance Division staffers, leading former insurance superintendent Morris “Mo” Chavez to approve a 21.3 percent rate hike. Marks had denounced that weekend settlement at the time as “a back room deal.” Read more
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