KNG Health Releases Preliminary Report on New Mexico’s Health Security Plan

May 22, 2020

For Immediate Release                                                       

On May 22, 2020, KNG Health Consulting released, “Fiscal Analysis of New Mexico’s Health Security Plan: Preliminary Report,” a report on a fiscal analysis of the New Mexico Health Security Plan (HSP) as proposed in the 2019 Health Security Act (HSA), available here. The purpose of releasing the preliminary report is to solicit feedback from stakeholders in New Mexico. The draft and the results contained within are preliminary and subject to change.

Since fall 2019, KNG Health Consulting, has been leading a team of consultants to support the Legislative Finance Committee (LFC) of the state of New Mexico by performing a fiscal analysis of the HSP. The KNG Health team collaborated with the New Mexico LFC staff to develop alternative versions of the proposal.  The team used the KNG Health Reform Model, a microsimulation model that uses data from the American Community Survey and other data sources to assess the impact of health reform proposals.  Key findings from the preliminary report include:

  • Under the HSP, the state’s uninsured rate would likely fall well below 1 percent and the vast majority of the population would receive coverage through a public insurance program.  
  • Fully funding the HSP would require some combination of additional employer contributions, reduced payment rates to providers, and/or higher enrollee costs.

Public comments are requested on the preliminary report and will be accepted until June 8, 2020, close of business, Mountain Time. Please send comments to Nathan Eckberg (Nathan.Eckberg@nmlegis.gov). 

The final report is expected to be submitted to the Legislative Finance Committee by the end of June.

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