Overview
STATE BUDGET
New Mexico’s fiscal year begins on July 1 and ends on June 30. New Mexico enacts its annual budget during the regular legislative session. To view information about New Mexico’s state budget, click here.
STATE LEGISLATURE
The New Mexico Legislature convenes on the third Tuesday in January of each year. The Legislature holds 60- day sessions in odd-numbered years and 30-day sessions in even- numbered years. A Senate term is four years, for the House it is two. The state has 42 Senators and 70 Representatives. New Mexico does not pay its legislators a base salary, only a per diem. Bills do not carry over from year to year.
KEY RESOURCES
- New Mexico Legislature
- New Mexico Office of the Attorney General
- New Mexico Office of the Superintendent of Insurance
- New Mexico Governor
- Information on Healthcare Policy in New Mexico
2025 LEGISLATIVE SUMMARY
In 2025, New Mexico passed the Healthcare Consolidation Act (HB 586), requiring a review of proposed transactions that involve mergers, acquisitions or other actions that change control of a hospital or certain health care provider organizations. The state will approve transactions if it is determined that they will benefit the public by reducing costs, maintain or increase access to services, improve health outcomes, and will not cause anti-competitive effects.
New Mexico Laws
N.M. Stat §§ 53-19-59 through 53-19-62.3: Limited Liability Companies – New Mexico
Introduced: Status: Enacted
Provisions governing mergers and acquisitions involving limited liability companies.
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N.M. Stat §§ 57-1-1 through 57-1-19: Antitrust Act – New Mexico
Introduced: Status: Enacted
Provides that every contract, agreement, combination or conspiracy in restraint of trade or commerce, any part of which trade or commerce is within this state, is unlawful. Provides to be unlawful for any person to […]
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N.M. Stat. § 13-7-14. Coverage for telemedicine services: Health Care Purchasing Act – New Mexico
Introduced: Status: Enacted
Group health coverage, including any form of self-insurance, offered, issued or renewed under the Health Care Purchasing Act shall provide coverage for services provided via telemedicine to the same extent that the group health plan […]
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N.M. Stat. § 13-7-15. Prescription drugs; prohibited formulary changes; notice requirements: Health Care Purchasing Act – New Mexico
Introduced: Status: Enacted
As of January 1, 2014, group health coverage, including any form of self-insurance, offered, issued or renewed under the Health Care Purchasing Act that provides coverage for prescription drugs categorized or tiered for purposes of […]
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N.M. Stat. § 13-7-17. Pharmacy benefits; prescription synchronization: Health Care Purchasing Act – New Mexico
Introduced: Status: Enacted
Group health coverage, including any form of self-insurance, offered, issued or renewed under the Health Care Purchasing Act that offers a prescription drug benefit shall allow an enrollee to fill or refill a prescription for […]
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