This bill establishes a new process for conducting actuarial reviews of proposed health care legislation that may alter coverage requirements for health insurers in New Mexico. It mandates that the Legislative Council Service retain at least one contractor with expertise in health care policy and actuarial reviews by September 1, 2025. Each year, legislators can request an actuarial review for one piece of legislation, with specific limits on the number of requests from both majority and minority party members in the House and Senate. The bill outlines the criteria for eligibility and the minimum requirements for the actuarial reviews, which include estimates on the impact of the proposed legislation on health care costs, utilization rates, and potential health benefits.

Additionally, the bill appropriates $100,000 from the general fund for the Legislative Council Service to fund these actuarial reviews in fiscal year 2026. Any unspent funds at the end of that fiscal year will revert to the general fund. The bill aims to enhance the legislative process by providing data-driven insights into the potential effects of health care legislation, thereby supporting informed decision-making by lawmakers.