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Sep 22

New Mexico health insurance premiums to increase by up to 49% next year

If the power of deregulation, capitalism and freedom was unleashed on health care, prices would quickly decrease while quality would improve dramatically. Innovation would flower. Even the poorest and most desperately ill Americans would be able to afford life-saving treatment.

But for decades, U.S. policymakers have driven Americans toward the stink and stain of slave-plantation healthcare dispensed by the government.

Government laws and programs increase demand while sharply limiting supply of caregivers, facilities and products–causing prices to rise.

Now, health insurers in New Mexico are increasing premiums at the highest rate ever seen.

Insurers will increase premiums next year from a range of 36 to 41 percent for midlevel insurance plans. For all plans, premiums are expected to rise a range of 17 to 49 percent.

See here.