New Mexico: Requested 2016 weighted avg. rate hikes: 29.5% likely, 30.6% maximum
2018 MIDTERM ELECTION
Time: D H M S
IMPORTANT: See this detailed explanation of how I've come up with the following estimated maximum requested weighted average rate increases for New Mexico.
As explained in the first link above, I've still been able to piece together rough estimates of the maximum possible and most likely requested average rate increase for the New Mexico individual market:
Again, the full explanation is included in the Missouri estimate linked at the top of this entry, but to the best of my knowledge, it looks like the companies with rate increases higher than 10% come in at a weighted 43.3% increase, but only make up about 62% of the total ACA-compliant individual market, with several other companies with approved increases of less than 10% (decreases in some cases) making up the other 38%.
Assuming this is accurate, the worst-case scenario for New Mexico is around a 30.6% weighted average rate hike. The "missing" companies are all at 9.9% or lower, so the likely overall average is around 29.5%.
As noted repeatedly in the explanation, the total market size could be higher (but is unlikely to be lower), while the <10% average could be lower than that. Either of these should result in the overall weighted average being lower than the percentages shown.