Gov. Michelle Lujan Grisham this morning announced a $60 million plan aimed at enhancing access to health care in New Mexico and halting rising commercial health insurance rates by increasing Medicaid reimbursements rates for medical and other health providers.
Lujan Grisham’s administration is proposing to leverage $13 million in state general funds to combine with a near $47 million federal match to increase rates for physicians and other health professionals who have sustained several years of decreases in reimbursements for care of the estimated 832,000 New Mexicans, or 40% of the state’s population, enrolled in the state’s Medicaid program.Under the plan, which goes into effect July 1, Medicaid rates for the most frequently billed services will increase from 70% to 90% of what Medicare pays for such services.
“Raising our Medicaid payments rate strengthens our partnership with key health care providers,” Lujan Grisham said in a news release. “I want to thank state legislators for their joining in our commitment to a thriving and revitalized health care system across the state. These efforts will help us recruit and retain essential medical professionals and signal our unwavering support for both providers and their patients.”