Despite early signs that New Mexico’s health insurance exchange for small businesses was operating smoothly and drawing interest among business owners, only a fraction of those businesses have completed the process of choosing a plan to offer their employees, according to the latest numbers from state officials.
While individuals seeking insurance in New Mexico must enroll through the federal healthcare.gov website, which had been plagued with problems from its launch day, Oct. 1, until December, the state is managing its own insurance exchange for businesses with 50 or fewer employees. In late October, nearly 800 businesses had enrolled in the system. By Dec. 30, that number had nearly doubled, with 1,471 small businesses in the system — but only 414 of them had actually selected a plan, and only 180 had finished the entire insurance sign-up process.
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