KUNM

New Mexico Health Connections

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President Trump’s decision to cancel cost sharing subsidies to insurance companies has prompted speculation that plans offered under the Affordable Care Act could unravel. Some insurers in New Mexico are saying not to worry yet.

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New Mexico’s not-for-profit, low-cost insurance cooperative is selling part of its business to a for-profit insurer.

The company hopes the sale will help buffer against uncertainty around the future of the Affordable Care Act.

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For months health insurance providers on the New Mexico exchange have been struggling with uncertainty—over whether the Affordable Care Act would be repealed, and now over whether the White House will authorize subsidies to insurers after the month of August.

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Republican efforts to repeal and replace the Affordable Care Act died in Congress last week – at least for now. But local insurance carriers are still struggling with a lot of unknowns under President Trump.

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As Republicans work to fulfill their promises to repeal and replace the Affordable Care Act, the future of healthcare in the U.S. is up in the air. In New Mexico, health insurance carriers have to submit their proposed premium rates by this weekend. After state officials review them, the public will have 10 days to weigh in.

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Republican efforts to repeal and replace the Affordable Care Act passed a major hurdle Thursday after the House of Representatives voted for a new health law, the American Healthcare Act. KUNM’s Chris Boros spoke with Ed Williams of the Public Health New Mexico project about reactions in New Mexico.