Bill > HB259

This bill establishes an optional process for reviewing proposed legislation that could affect health insurance coverage requirements, requiring the Legislative Finance Committee to hire contractors with expertise in actuarial reviews of health care policy and insurance premiums. Legislators can request an actuarial review for one bill annually, with specific allocations for majority and minority parties in both the House and Senate, and proposals must be submitted by October 1st to be eligible. These reviews will estimate the impact on New Mexico residents, healthcare service utilization, out-of-pocket costs, insurance premiums, state spending, and potential health benefits, while also assessing the proposal's alignment with federal guidelines and nationally recognized clinical practice guidelines. The Legislative Finance Committee will then compile a report of these reviews by January 1st each year, and $100,000 is appropriated for fiscal year 2027 to fund these contractor services.

Health and Social Services

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=259&year=26