More than 30,000 state and local government workers face a 15 percent increase for their health care insurance starting next month, but it could be only the beginning of higher costs as New Mexico’s self-insurance program digs out of a financial hole.
There have been no premium increases for workers for the past five years as government struggled with tight budgets. But the fund covering health benefits was projected to be almost $70 million in the red next year if the state did nothing to the insurance program to deal with rising health care costs.
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