SANTA FE, N.M. — New Mexico is switching gears on its plan for a health insurance exchange and initially will partner with the federal government for computer services needed for an online insurance marketplace.
The state intends to have a New Mexico-run insurance exchange ready for small businesses to shop for coverage for their employees this fall and will use a federally operated exchange to offer medical insurance plans to individuals for the next year, Dr. J.R. Damron, chairman of the exchange's governing board, said Monday.
A law was enacted earlier this year to create a state-run exchange for individuals and small businesses.
But a "hybrid" approach to the exchange, Damron said, is necessary because the state doesn't have enough time to implement its own computer system to serve individuals by a looming federal deadline.
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