New Mexico’s Economy and The ACA

By April Lujan, Health Insurance Store | March 22, 2017

New Mexico’s economy could be in big trouble if the ACA is repealed.  One of the most significant changes proposed by the GOP, is the repeal of the expansion of Medicaid currently in place due to the ACA.  Right now, it is estimated that about nine hundred and twenty thousand people are currently covered by Medicaid in NM and at least one third of those people may stand to lose coverage if the ACA is repealed.

Per U.S Senator Martin Heinrich this would have “devastating effects” to New Mexico’s fragile economy.  The ACA and the Medicaid expansion brings billions of dollars into our economy.  Repealing the ACA would cost the state of New Mexico $93 million in federal spending starting in 2019, and $1 billion between 2019 and 2028. It could mean a loss of $2.2 billion in federal Medicaid funding in 2019, and almost $27 billion between 2019 and 2028.

Our state is already one of the poorest states in the country and without those federal funds many New Mexicans could be in economic ruin, not to mention, that thousands could be left without health coverage.  If you have questions on how these changes could affect you and your loved ones, please call the Health Insurance Store and we will be happy to discuss your options.   Call us today 505-200-0069 or email us at sochoa@getyourbestplan.com

About The Health Insurance Store: The Health Insurance Store was established in 2008 and has helped more than 10,000 people with their health insurance needs. We provide guidance and assistance in applying for individual and family plans, employer group plans, and Medicare plans such as supplements, Part D prescription, and Medicare Advantage.