New Mexico 2026 Regular Session

New Mexico House Bill HB4

Introduced
1/22/26  
Report Pass
1/27/26  
Report Pass
2/11/26  
Engrossed
2/12/26  
Report Pass
2/17/26  
Enrolled
2/18/26  
Chaptered
3/6/26  

Caption

Health Care Affordability Fund Distributions

Impact

The adjustments in the bill are expected to have significant implications for the funding of health care services in New Mexico. By changing the distribution of funds derived from the health insurance premium surtax, HB4 aims to enhance the stability and predictability of funding for health care affordability programs. These programs are critical for maintaining access to necessary health services for the state's residents, particularly those who may struggle with health insurance costs.

Summary

House Bill 4 seeks to amend the current distribution methods for the Health Care Affordability Fund in New Mexico. Specifically, the bill adjusts the percentages of the net receipts from the health insurance premium surtax allocated to this fund over various time periods. The changes stipulate that before July 1, 2024, fifty-five percent of the net receipts will be distributed, which will shift to thirty percent until September 1, 2025, after which the distribution will revert back to fifty-five percent. This flow of funding aims to ensure sustained support for health care affordability initiatives across the state.

Contention

While the bill's intent is to bolster health care affordability, it may face opposition from various stakeholders who have concerns about the implications of altering fund distributions. Critics may argue that changes to the surtax allocations can impact the funding available for existing health care programs, which could lead to a decrease in services or increased costs for consumers. Proponents of the bill, however, believe that the proposed adjustments reflect a thoughtful approach to managing resources in a way that can prioritize long-term efficiency and effectiveness in health care access.

Companion Bills

No companion bills found.

Previously Filed As

NM HB184

Taxpayer Income Distributions

NM HB2

Health Care Coverage Changes

NM SJR2

Public Employees Retiree Health Care Funds

NM SB376

State Employee Health Benefit Contributions

NM SB432

Behavioral Health Grant Pgm. & Fund

NM HB344

Healthcare Equipment Gross Receipts

NM SB45

County Health Care Assistance Fund Use

NM SB464

Unm School Of Medicine Fund & Distribution

NM HB403

Oil & Gas Fund Distribution & Uses

NM HB71

Early Childhood Ed & Care Fund Transfers

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