SB 523 - Amends Medical Malpractice Rules - New Mexico Key Vote

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Title: Amends Medical Malpractice Rules

Vote Smart's Synopsis:

Vote to pass a bill that amends medical malpractice rules.

Highlights:

  • Define terms related to the New Mexico Healthcare System (Sec. 1). 

  • Specifies requirements for health care provider to be covered under the New Mexico Medical Malpractice act including the following (Sec. 2):  

    • Establishing financial responsibility; and

    • Pay the surcharge. 

  • Specifies that an independent outpatient facility shall establish increased financial responsibility up to $500,000 (Sec. 2). 

  • Authorizes the superintendent to arrange actuarial studies to determine appropriate amount of coverage for hospital controlled outpatient facilities (Sec. 2). 

  • Specifies that hospitals who don't not meet coverage shall not have the benefit of any of the provisions of the medical malpractice act (Sec. 2). 

  • Specifies amounts that are recoverable according to the year and dollar amount (Sec. 3). 

  • Defines what an “occurrence” means (Sec. 3).

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