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, members of the legislature can request actuarial reviews for specific legislative proposals, with limitations on the number of requests from both majority and minority party members in both the House of Representatives and the Senate. The bill outlines the criteria for proposals eligible for review and specifies the minimum components that the actuarial reviews must include, such as estimates of affected residents, changes in health care service utilization, and potential impacts on health insurance premiums.

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 legislation aims to enhance the legislative process by providing data-driven insights into the potential effects of health care legislation, thereby supporting informed decision-making.