Bill > SB296

This bill proposes several changes to the Medical Malpractice Act in New Mexico. It amends the definitions of key terms, such as "independent provider" and "outpatient health care facility," to clarify who is covered under the act. The bill also adjusts the limitations on the aggregate dollar amount recoverable for malpractice claims. For claims against independent providers, the limit is set at $750,000 per occurrence, with annual adjustments for inflation. For claims against hospitals or outpatient facilities majority-owned by hospitals, the limits start at $4 million per occurrence in 2022 and gradually increase to $6 million per occurrence by 2027, with annual adjustments thereafter. The bill also specifies that the value of accrued medical care and related benefits is not subject to any limitation.

Budget and Finance

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=296&year=23