Kicking the Competitition Out of New Mexico

From the New Mexico Independent - National Health, Aetna, John Alden, and Principal all have told the state’s Division of Insurance that they will no longer write individual or small group plans in New Mexico, according to a Public Regulation Commission spokesman. Some companies discontinuing coverage will renew their customers’ existing policies, but some will not spokesman Gerald Gardner told The Independent. The companies say they need to make adjustments in their business to accommodate the nation’s new federal health care law, which forces them to expand coverage by forbidding them to deny coverage to children with preexisting conditions, among other measures. Several of the state’s largest insurers are already severely restricting new child-only policies. “After careful consideration of the recently enacted federal healthcare legislation, National Health Insurance Company has determined that it will not be able to meet the requirements set forth by the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010,” president Charles Harris wrote in a letter announcing the decision. Read more here:

Kicking the Competitition Out of New Mexico