Patient Compensation Fund language prompts intense committee debate in late-session substitute A late-session substitute to SB274 that included changes affecting the Patient Compensation Fund (PCF) sparked a heated hearing. Hospital associations and medical groups opposed immediate statutory changes, warning of surcharge impacts on independent providers; proponents argued legal and fiscal recourse for state funds was necessary.

A heated debate erupted in the Senate Finance committee over last-minute changes to the Patient Compensation Fund, raising alarms about potential surcharges for rural hospitals and independent providers.

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Senate Judiciary hears detailed briefing on Patient Compensation Fund deficits, hospital surcharges and insurer defense costs Presenters told the Senate Judiciary Committee that the Patient Compensation Fund (PCF) has been strained by flat surcharges, hospitals admitted without independent risk assessments, and high defense costs; panelists urged stronger actuarial practice, investment governance and targeted surcharges.

New Mexico's Patient Compensation Fund is facing a staggering deficit, with hospitals racking up millions in claims while surcharges remain flat, leaving taxpayers and patients at risk.

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