Bill > SB121

This bill amends the New Mexico Medical Malpractice Act to provide liability immunity for the third-party administrator of the Patient's Compensation Fund (PCF). The PCF is a state-managed fund that helps cover medical malpractice claims, funded through annual surcharges collected from healthcare providers. The key change is explicitly stating that the third-party administrator who manages the fund will have the same legal protection from liability as the superintendent when performing duties outlined in the Medical Malpractice Act. The bill maintains existing provisions about fund management, including requirements for annual actuarial studies, surcharge collection, and claims processing. The legislation also updates some financial thresholds, such as increasing the claim amount from $200,000 to $250,000 as of January 1, 2022. This change aims to provide clear legal protection for the administrator while maintaining the fund's core function of supporting medical malpractice claims in New Mexico.

Budget and Finance

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=121&year=25