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New Mexico reduces insurance premiums on state exchange

  SANTA FE, N.M. (AP) — Health care access is getting substantially cheaper on the state’s health insurance exchange though a combination of state tax proceeds, federal pandemic aid and a growing pool of subscribers. An update on pandemic relief spending from the Legislature’s budget and accountability office on Wednesday shows that the health exchange plans to use new federal pandemic relief funds to reduce monthly insurance payments in 2022. About 45,000 residents of New Mexico rely on the exchange for individual and family health care needs, with federal and state subsidies directed at low- and moderate-income participants that account for a majority of the people enrolled.