NM Medical Insurance Pool

The Pool is a 20-year-old state program offering subsidized health care coverage to people unable to buy private market coverage but who also are ineligible for direct government support. From 2004 to 2005, the Pool's losses roughly doubled to $10.6 million. The losses nearly doubled again in 2006 to $20.8 million. For 2007, losses are projected to be $39 million. The losses are covered by state and federal money and assessments to insurance carriers.
The Pool also subsidizes premiums for lower income people. For example, a two-person household with a $54,623 income, i.e., 399 percent of poverty guidelines, gets a 50 percent premium reduction.