The Legislative Finance Committee confirmed Monday that it has awarded an approximately $390,000 contract for studying the issue to Maryland-based KNG Health Consulting, IHS Markit of London and Albuquerque-based researcher Lee Reynis.
The fiscal study was spurred by repeatedly stalled proposals from state legislators to provide near-universal health care coverage.
The Health Security for New Mexicans Campaign is calling for a system that shifts private insurance to a supplemental role in a way that resembles Medicare.
New Mexico cut the uninsured rate in half since expanding Medicaid in 2014 to more people on the cusp of poverty.
A public meeting about the analysis will be held Wednesday in Albuquerque.