Bill > HB119

This bill introduces three key provisions related to contract and reimbursement adjustments for state contractors and healthcare providers. First, it allows state contractors to request contract amendments within 45 days of statutory changes that impact employee compensation and benefits, enabling them to seek adjustments to cover increased expenses. Second, for Medicaid providers, the bill requires the responsible state agency to request federal Centers for Medicare and Medicaid Services (CMS) to adjust reimbursement rates when state statute changes increase provider employee compensation and benefits, also within a 45-day window. Third, the bill applies a similar requirement to Medicare healthcare providers, mandating that the state agency request CMS to amend Medicare reimbursement rates to accommodate statutory increases in employee compensation and benefits. These provisions aim to ensure that contractors and healthcare providers are not financially disadvantaged by legislative changes affecting employee wages and benefits, by providing a mechanism to seek corresponding financial adjustments from state agencies and federal healthcare payment systems.

Health and Social Services

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=119&year=25