A few months ago, before the initial launch of ObamaCare, I noted a preliminary report from the Manhattan Institute that stated New Mexico would face some of the largest rate increases in the nation under the ObamaCare health law.
Now that ObamaCare has launched with all the buoyancy of a lead balloon, we have more details on actual rate increases. According to the latest from Manhattan Institute, New Mexico’s rate hikes will be second-greatest in the nation, second only to Nevada (see chart below). Read an article on the study from Forbes:
Supporters of the law will claim the report is biased against ObamaCare, but the reality is that the reports find that rates under the law will drop in a few states, including Colorado.
HT: Jack McHugh