Not only is New Mexico's exchange enrollment up a whopping 28% vs. the same point last year, it's 20% higher than the 2024 OEP's final total of 56,472.
It was in early 2021 that Congressional Democrats passed & President Biden signed the American Rescue Plan Act (ARPA), which among other things dramatically expanded & enhanced the original premium subsidy formula of the Affordable Care Act, finally bringing the financial aid sliding income scale up to the level it should have been in the first place over a decade earlier.
In addition to beefing up the subsidies along the entire 100 - 400% Federal Poverty Level (FPL) income scale, the ARPA also eliminated the much-maligned "Subsidy Cliff" at 400% FPL, wherein a household earning even $1 more than that had all premium subsidies cut off immediately, requiring middle-class families to pay full price for individual market health insurance policies.
Here's what the original ACA premium subsidy formula looked like compared to the current, enhanced subsidy formula:
Not only is New Mexico's exchange enrollment up a whopping 28% vs. the same point last year, it's actually already 16.6% higher than the 2024 OEP's final total of 56,472!
Not only is New Mexico's exchange enrollment up a whopping 29% vs. the same point last year, it's actually already 16% higher than the 2024 OEP's final total of 56,472!
Not only is New Mexico's exchange enrollment up a whopping 29% vs. the same point last year, it's actually already 15% higher than the 2024 OEP's final total of 56,472!
Not only is New Mexico's exchange enrollment up a whopping 31% vs. the same point last year, it's actually already 13.5% higher than the 2024 OEP's final total of 56,472!
New enrollment is actually down slightly year over year, but enrollment jumped so much last year that there's a much larger pool of current enrollees to renew their policies.
Today, the U.S. Department of Health and Human Services (HHS), through the Centers for Medicare & Medicaid Services (CMS), approved section 1115 demonstration amendments that allow, for the first time ever, Medicaid and Children’s Health Insurance Program (CHIP) coverage of traditional health care practices provided by Indian Health Service (IHS) facilities, Tribal facilities, and urban Indian organizations (UIO). Today’s action is expected to improve access to culturally appropriate health care and improve the quality of care and health outcomes for tribal communities in Arizona, California, New Mexico, and Oregon, and will support IHS, Tribal, and UIO facilities in serving their patients.
