Universal health care in New Mexico could extend coverage to nearly 190,000 uninsured state residents by 2024 but may not provide the kind of savings some of its proponents expect, according to a new draft report commissioned by the Legislative Finance Committee.

Because it projects far less savings than supporters of the proposal had suggested, the report could be fuel for those who don’t want private insurance companies to be placed under a state-provided umbrella plan, said state Sen. Jerry Ortiz y Pino, a co-sponsor of the proposed New Mexico Health Security Act.

“The insurance industry will jump all over it,” Ortiz y Pino, D-Albuquerque, said of the report.

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