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New Mexico In Brief, Friday, Sept. 22, 2017

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The Associated Press

N.M. insurance hike sets record

SANTA FE, N.M. (AP) — Regulators have approved the largest health insurance premium increase in the four-year history of New Mexico’s subsidized exchange, state Insurance Superintendent John Franchini said Wednesday.

The state’s top insurance regulator said record-setting rate increases in 2018 are heavily influenced by uncertainty about whether the federal government will block or discontinue subsidies to insurers.


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