A proposal to establish a state-run health insurance exchange has passed the Senate with bipartisan support.
A federal health care law calls for exchanges to serve as a marketplace for the uninsured to shop for medical coverage.
The legislation creates an exchange governed by a 13-member board and operated by the New Mexico Health Insurance Alliance, a nonprofit corporation established in 1994.
The Senate approved the proposal on a 36-5 vote Monday, sending it to the House.
Supporters said the bill is necessary to meet deadlines for New Mexico to run the exchange rather than leave it to the federal government.
Opponents wanted the governing board to have more power to control what health plans would be offered through the exchange although federal law sets minimum standards for plans.
Topics Politics
Was this article valuable?
Here are more articles you may enjoy.
Trump’s Diversity Crackdown Reverberates Through US Boardrooms 
Brown & Brown Estimates Cost of Howden-Driven Talent War Could Hit $60M in 2026 
Lemonade Posts $43M Loss for Q2 as it Continues to Grow Customer Base 
Zurich CEO Says Staff Let Go as Regulator Finma Imposes Partial Sales Ban 
