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Presbyterian Denies Attorney General Allegations Regarding Premium Tax

Release Date:

July 11, 2017

Presbyterian has served New Mexico for 108 years. We take our responsibilities as citizens very seriously and we are confident that we have acted in good faith and with the intent to comply with our legal obligations and responsibilities. Presbyterian has always acted with the utmost integrity in the Medicaid program for the members we serve, as well as state taxpayers.

We vehemently reject the allegations made today and we look forward to a positive resolution to this matter.

We are genuinely alarmed and surprised by the timing and nature of these allegations. The premium taxes paid by Presbyterian Health Plan have been audited multiple times by independent firms and state agencies. We have consistently and fully participated in the review of our financial records, including the audit currently underway by the Office of the Superintendent of Insurance. 

As an organization, we are committed to paying all taxes due to the state, which includes premium tax, gross receipts tax, property tax and unemployment.  In 2016 alone, Presbyterian Health Plan paid more than $52.6 million in premium taxes to the state and $20.1 million in assessments that help fund state-sponsored insurance programs.

We will not allow this action to distract us from our purpose to improve the health of patients, members and communities in New Mexico.

Press Contact:

Melanie Mozes
Communications Manager
E-mail: mmozes@phs.org 
505-923-8456