Establishes a study group to analyze health insurance premium affordability in New Mexico.
The bill requests the Office of Superintendent of Insurance, in consultation with the Health Care Authority, to create a Health Insurance Premium Affordability Study Group. This group will study rising health insurance premiums and cost drivers in New Mexico's fully insured individual and small group health insurance markets. The study group will evaluate the affordability impacts of rising premiums on small employers and working families, the effects of state-imposed premium taxes, fees, and assessments, and options to improve affordability while protecting access to quality health care.
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