HEALTH INSURANCE PREMIUM AFFORDABILITY GROUP

House Memorial 52 (HM 52) requests New Mexico's Office of Superintendent of Insurance, with the Health Care Authority, to create a study group examining rising health insurance premiums. The group - composed of small employers, business representatives, insurers, and government officials - will study cost drivers (like healthcare claims, administrative expenses, and state taxes) affecting small businesses and individuals in the individual and small-group markets. It will evaluate affordability impacts and recommend solutions to improve premium affordability while maintaining access to quality care. The study group must submit findings to legislative committees by October 1, 2026.