Trial-attorney win hurts NM doctors and NM patients - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
February 12, 2023 Newswires
Share
Share
Post
Email

Trial-attorney win hurts NM doctors and NM patients

Albuquerque Journal (NM)

Dr. Nathaniel Roybal

As a native New Mexican physician, I work daily toward improving the health of my fellow New Mexicans. However, the ability of my fellow physicians to continue basic care has recently come under attack. The special-interest lobby of trial attorneys has created a crisis that threatens health security of all New Mexicans. Unfortunately, our Legislature has silently declared it is unlikely to take meaningful measures to address this looming catastrophe.

The historical background is that in 2021, House Bill 75 enacted dramatic changes to the patient compensation fund by increasing the medial liabilities cap from $600,000 to $750,000 for individual physicians and up to $6 million for our hospitals. The bill poorly defined the terms hospital versus individual, creating the potential for individuals to be sued for the higher $6 million limit. This intentional ambiguity has created a malpractice insurance crisis. Physicians and their surgical centers can no longer find carriers willing to insure at the $6 million limit. Without insurance coverage, physicians can no longer provide life-saving care. In a follow-up emergency session, HB 11 issued a stay of HB 75. Without action, this 2023 session HB 75 becomes active again and the crisis will come to a head.

New Mexico is already experiencing heavy losses of qualified physicians, with more than 600 primary care physicians leaving New Mexico between 2017 and 2020. These losses and the current hostility toward physicians will threaten access to health care. Catering to the trial-attorney lobby will be devastating for New Mexico families.

The physicians who choose to stay in New Mexico will be forced to limit risk by deferring care of complex medical issues. The most gravely ill patients require high-risk procedures to treat their diseases, and these procedures carry more liability to physicians. The loss of highly skilled physicians or their willingness to treat relegates New Mexicans to travel out of state for complex medical care. Unfortunately, the populations most negatively affected by these changes are our sickest and most economically deprived.

As a clarification, House Bill 75 did little to help patients in New Mexico. The elevated caps are for pain and suffering. The patient compensation fund was originally created at the request of physicians decades ago to limit liabilities but mostly to provide for future medical expenses of those who have endured unfortunate medical outcomes. By forcing physicians out of the patient compensation fund, the trial attorney lobby is knowingly garnering money from these patients' future care towards their lofty legal fees.

It is incumbent on all of us to ask our leadership to act. Medicine is a highly competitive business, and physicians will move to the environment that best supports their efforts. Medicine needs your help, we love New Mexico, we love our culture, we are honored to serve you. We do need your voice, your input, and look forward to improving the access of health care to all New Mexicans. Inaction is bad for New Mexicans, bad for business and bad for physicians. If we remain quiet, the trial-attorney special interests are well poised to win another important policy battle.

Subscribe to ABQjournal. Call 505-823-4400

Older

Lynn Smith: Jack is no dull boy

Newer

Request for rate hike could drive up NC auto insurance costs by nearly 29 percent

Advisor News

  • How smart investments prepare clients for inflation
  • Amid slew of corporate tax ideas, Newsom chose one likely to hit people’s premiums
  • The biggest risk to your clients’ financial plans isn’t market volatility
  • Initiative looks at how caregiving impacts workplace benefits
  • Will rising retirement needs spark an annuity boom?
More Advisor News

Annuity News

  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • Fortitude Re Completes $500 Million FABN Issuance
  • Reframing retirement income for greater certainty
  • Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
More Annuity News

Health/Employee Benefits News

  • Politicians, consumers blast health insurers’ requests for double-digit rate hikes. What to know.
  • Final rules for Medicaid work requirements are out. Here's what you need to know.
  • Final rules for Medicaid work requirements are out. Here's what you need to know.
  • Hyde-Smith blasts health care delays
  • WNY health insurers seek rate hikes of 9% to 24% for 2027
More Health/Employee Benefits News

Life Insurance News

  • AM Best Affirms Issue Credit Ratings of Weston2038 LLC’s Credit-Linked Notes
  • Globe Life Inc. (NYSE: GL) Records 52-Week High Thursday Morning
  • Greg Lindberg moves to halt $1.65B restitution order, claims he ‘overpaid’
  • Fidelity Investments® to Expand Target Date Lineup With Launch of Guaranteed Income Solution
  • KBRA Releases Research – Private Credit: Much Ado About Nothing – Perspectives on Columbia Business School Paper About Private Ratings
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet