ACTUARIAL REVIEW OF HEALTH LEGISLATION

HB 259 creates a process for optional actuarial reviews of New Mexico health care bills that could change insurance coverage requirements. The Legislative Finance Committee must hire qualified contractors to analyze proposed bills, estimating impacts like affected residents, premium changes, and cost shifts for consumers and health insurers. Legislators can request up to two reviews per party per chamber annually, with reports published online by January 1 each year. The bill appropriates $100,000 for this purpose in fiscal year 2027, focusing on data-driven analysis rather than altering coverage directly.