Health Insurance Prices Soaring
The health insurance inflation rate hit a five-year peak in April, according to Modern Healthcare. While costs for professional services, hospital services, and medical care services stayed about the same or even lowered, health insurance premiums and profits shot up.
Health Insurance Prices Rising Faster
Unadjusted percentage change from previous year
Our favorite quote from the article:
"Health insurance profits have been on the rise. The eight largest publicly traded insurers posted net income of $9.3 billion in the first quarter of 2019, an increase of 29.9%. They made a combined $21.9 billion in profits over the course of 2018."
New Mexico Scorecard
The Commonwealth Fund has released its latest health scorecard for New Mexico. Overall, we rank 35th out of 50 states and the District of Columbia. While we're not Mississippi, which once again ranked last, there's definitely room for improvement!
Some details: We rank 50th in the nation for employee insurance costs as a share of median income, and 48th for the percentage of adults without all recommended cancer screenings. Some other health indicators in the state are more promising
Lots of information to dig into here! (Click on the image above to see the full scorecard.)