House Passes Insurance Reform Bill

By KRWG Staff

Las Cruces, NM – The New Mexico House of Representatives today approved an insurance reform measure backed by Governor Bill Richardson.

House Bill 111, which passed unanimously, requires insurance providers to spend at least 85% of the money collected from premiums on direct services over a three year period.

The bill is part Governor Bill Richardson's proposed ten-part health care package focusing on medical records, the consolidation of public coverage programs and insurance reform.

House bill 111, sponsored by State Representative John Heaton now heads to Senate for consideration.