The New Mexico Health Security Act (HSA) would create a state health insurance program (“Health Security Plan,” or HSP), with the goal of providing universal health insurance coverage and access to affordable, high-quality health coverage for all state residents. In 2019, the House Appropriations and Finance Committee and the Senate Finance Committee made appropriations to the Legislative Finance Committee (LFC) for a fiscal analysis of the HSP (House Bill 548 and Senate Bill 536).
KNG Health led a team of consultants to support the LFC by performing a fiscal analysis of the HSP. Our team collaborated with legislative staff to develop alternative versions of the proposal with sufficient detail to facilitate budgetary scoring. We then used a microsimulation modeling approach to evaluate the impact of each version of the proposal on insurance coverage, healthcare spending, the local economy, and the state budget. Our final report will be used by the New Mexico Legislature as they consider developing a state health plan.
On June 30, 2020, KNG Health Consulting submitted a final report, “Fiscal Analysis of New Mexico’s Health Security Plan,” available here. In addition to the report, KNG Health Consulting has released a Technical Supplement, “Fiscal Analysis of New Mexico’s Health Security Plan: Technical Supplement,” available here; and a press release, available here.Services : Healthcare Reform Modeling Expertise: Healthcare Reform Modeling