Bill > HB75

This bill: Clarifies and modernizes the Medical Malpractice Act, including defining key terms like "health care provider", "hospital", and "outpatient health care facility". It raises personal liability and recovery caps for medical malpractice claims, with higher caps for independent providers compared to hospitals/outpatient facilities. The bill limits participation by hospitals and outpatient health care facilities in the Patient's Compensation Fund starting in 2021, requiring them to establish their own financial responsibility. It creates a Patient's Compensation Fund Advisory Board to advise on fund surcharges and operations, and requires annual actuarial studies and audits of the fund. The bill also makes changes to the medical review commission process for independent providers. Overall, the bill aims to reform the medical malpractice system in New Mexico.

Budget and Finance, Business and Industry, Justice

https://www.nmlegis.gov/lcs/legislation.aspx?chamber=H&legtype=B&legno=75&year=21