Bill > HB63

This bill, titled "Medical Malpractice Changes," proposes several key changes to the existing Medical Malpractice Act in New Mexico: 1. It establishes new requirements for health care providers to have patients undergo periodic physical examinations, including provisions for compensation and penalties for non-compliance. 2. It reduces the minimum financial responsibility requirements for health care providers from $250,000 to $200,000 per occurrence and from $750,000 to $600,000 in continuous deposits. 3. It lowers the aggregate limit on medical malpractice recoveries from $600,000 to $600,000 per occurrence, and prohibits awards for future medical expenses. 4. It expands the jurisdiction of the New Mexico Medical Review Commission to consider malpractice claims against all health care providers, rather than just "independent providers." 5. It creates a Patient's Compensation Fund to be administered by the Superintendent of Insurance, funded by mandatory surcharges on health care providers, and used to pay medical care and related benefits. The bill also includes provisions related to the limitations period for filing malpractice claims, the procedures and requirements for the Medical Review Commission, and the administration and reporting of the Patient's Compensation Fund.

Health and Social Services

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=63&year=23