The New Mexico Department of Human Services has won $1 million to help the state research and plan how to establish and operate a state health insurance exchange, U.S. Senator Jeff Bingaman‘s office announced today.
The health care exchanges are at the center of the nation’s new federal health care law and are envisioned as a forum where consumers can find competitively priced health policies.
“Insurance exchanges will help to lower costs for individuals and businesses, provide long overdue protections from insurance company abuses, and make the experience of purchasing health insurance much easier and simpler,” Bingaman was quoted as saying in a news release issued by his office.