Video & Transcript Research : 'PCF'
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NM
Keywords:
medical malpractice, malpractice reform, patient's compensation fund, PCF, health care liability, tort reform, damage caps, punitive damages, hospital liability, physician liability, nurse practitioner, certified nurse-midwife, outpatient facility, ambulatory surgical center, urgent care, free-standing emergency room, insurance surcharge, superintendent of insurance, New Mexico hospitals, medical review process
NM
Transcript Highlights:
- ... ...in the PCF, and maybe I shouldn't step back a little bit and just do a two-second tutorial on
- the PCF.
- The PCF, or Patient Compensation Fund, was created decades ago to help support health care providers
- The last change that I would note is to the PCF fund.
- I'm glad that you were able to fix the PCF issue with the hospitals.
Keywords:
medical malpractice, malpractice reform, patient's compensation fund, PCF, health care liability, tort reform, damage caps, punitive damages, hospital liability, physician liability, nurse practitioner, certified nurse-midwife, outpatient facility, ambulatory surgical center, urgent care, free-standing emergency room, insurance surcharge, superintendent of insurance, New Mexico hospitals, medical review process
NM
New Mexico 2025 Regular Session
IC - Courts, Corrections and Justice Nov 6th, 2025
Courts, Corrections & Justice Committee
Transcript Highlights:
- The hospitals joined the PCF in 2016, and according to the statute, they are scheduled to exit the PCF
- I will say one other thing: when our actuary did look at the PCFs, currently the PCF is very efficient
- So it's difficult to compare the claims settled in the PCF because very few states have a PCF.
- Is it the PCF?
- And whereas a PCF basically...
NM
Transcript Highlights:
- Not in the PCF, obviously, because in the PCF it's required by statute to be occurrence.
- Not in the PCF, obviously, because in the PCF it's required by statute to be occurrence.
- The internal medicine, $21,000 for the PCF, PCF plus primary, much lower for that internal medicine.
- not in the PCF.
- not in the PCF.
Keywords:
sexual crimes, statute of limitations, criminal justice, victim rights, child abuse, procurement, contracting, small business, local government, disaster recovery, emergency procurement, certification, public spending, juvenile justice, delinquency, rehabilitation, community corrections, risk assessment, public safety, health regulations
NM
New Mexico 2025 Regular Session
IC - Legislative Finance Nov 20th, 2025
Transcript Highlights:
- Its contract to be the TPA for the PCF. We went out twice for an RFP, but nobody came in.
- To the physicians that were non-PCF members.
- Our standard is that they have to have fair and equitable rates insofar as the PCF.
- And is there a geographic or population increase or decrease in participation in the PCF?
- Chair, members of the committee, representative, there are caps in the PCF program.
NM
New Mexico 2026 Regular Session
House - Appropriations and Finance Jan 22nd, 2026 at 02:01 pm
House Appropriations & Finance
Transcript Highlights:
- As you heard, $74.9 million was for the PCF settlements. FY26 budget.
- As you heard, $74.9 million was for the PCF settlements.
- And is it enough for the PCF to remain solvent, Mr. Chair? Mr.
- The PCF has The cap changes over time.
- is the maximum that the PCF could pay.
Bills:
HB1
Keywords:
feed bill, legislative appropriations, legislative branch, New Mexico Legislature, general fund, legislative council service, legislative finance committee, legislative education study committee, house chief clerk, senate chief clerk, per diem, mileage, session expenses, interim committees, district staff, capitol complex, capital outlay data system, legislative processing system, redistricting, census redistricting
NM
New Mexico 2025 Regular Session
IC - Courts, Corrections and Justice Nov 7th, 2025
Courts, Corrections & Justice Committee
Transcript Highlights:
- I want to talk about the Patient Compensation Fund (PCF) a little bit.
- In New Mexico, we have the Patient Compensation Fund (PCF), and the PCF states it's not a compulsory
- What we have not seen to date is the PCF break that out.
- Who was in those negotiations that got the hospitals out of the PCF?
- PCF and the third-party administrator to approve settlements.
NM
Transcript Highlights:
- And I also point out this impacts the PCF because the PCF pays medical expenses in a large number of
- This exaggerates the expense to the PCF with no benefit to the Patient.
- How in the world is that a taxpayer-funded problem through the PCF?
- Sierra Vista isn't in the PCF, and none of this applies.
- Chair, they have the option of participating in the PCF going forward. And so, Mr.
NM
New Mexico 2025 Regular Session
IC - Legislative Health and Human Services Nov 6th, 2025
Legislative Health & Human Services Committee
Transcript Highlights:
- And then there's another 650 from the PCF. So that's roughly 900,000 in coverage.
- So, uh, collect the surcharge for the PCF and deliver that to us.
- Then there's a PCF surcharge, which the Pinnacle actuarial team puts together, and the superintendent
- I do think the payout in the PCF might be a little bit long.
- So the PCF is literally settling more complex claims in the underlying carrier, but maybe I shouldn't
NM
Transcript Highlights:
- Adio, who is on the PCF Advisory Committee, and maybe he could speak to that if that is okay, Mr.
- So there is that statutory provision in 41525 mandating investment as it When we as the PCF Advisory
- It's my understanding if you take the hospitals out of the act, Is the PCF solvent, Mr. Chair?
- Senator Brantley, currently the PCF has a Slight deficit. I want to paint an accurate picture.
- That's what's used to set surcharges, and that's what we, as the PCF advisory board, had an evidentiary
NM
New Mexico 2025 Regular Session
IC - Legislative Health and Human Services Sep 11th, 2025
Legislative Health & Human Services Committee
Transcript Highlights:
- So I thought it was really interesting that you want to be in the PCF because of this settlement.
- They actually sent over a chart of the amount of time it takes the PCF to settle cases.
- clinics that want to get out of the Patient Compensation Fund because it is cheaper outside of the PCF
- are versus, you know, without the PCF, you're just kind of left on the private insurance market.
- So, it's really interesting to me that you would like to be in the PCF in particular.
NM
Transcript Highlights:
- And that's because the budget is rectifying or realigning based on actual settlements out of the PCF.
- Normally, we would budget around 30 million for PCF in the OSI budget.
- And then they would have the budget adjustment authority to increase their budgets for PCF.
- So there's not more money for PCF, it's just realigning the budget to reflect actuals.
NM
New Mexico 2025 Regular Session
IC - Courts, Corrections and Justice Nov 7th, 2025
Courts, Corrections & Justice Committee
Transcript Highlights:
- Now, you heard yesterday that in 2021 the legislature changed the PCF, the Patient's Compensation Fund
- They are taken from the Patient Compensation Fund (PCF).
- I'd like to know as well, because it's my understanding that the Patient Compensation Fund (PCF) was
- Sipansky, kind of lay out in terms of the PCF is something that we really need to look at.
- And if we don't know why doctors are choosing to go the private route versus the PCF, F route.
NM
New Mexico 2026 Regular Session
House - Health and Human Services Jan 30th, 2026 at 08:34 am
House Health & Human Services
Transcript Highlights:
- I am not changing, Madam Chair, the fact that the PCF will not pay punitive damages.
- in the fund until 2030, and the particular provision at issue is our provisions relating to how the PCF
- page 17, starting... 2030, and the particular provision at issue is our provisions relating to how the PCF
- Our attorney has been fighting for justice for Dylan for 10 years now, especially dealing with the PCF
NM
Keywords:
medical malpractice, malpractice reform, patient's compensation fund, PCF, health care liability, tort reform, damage caps, punitive damages, hospital liability, physician liability, nurse practitioner, certified nurse-midwife, outpatient facility, ambulatory surgical center, urgent care, free-standing emergency room, insurance surcharge, superintendent of insurance, New Mexico hospitals, medical review process
OK
Oklahoma 2026 Regular Session
Education Oversight REVISION 2: SB1812 - Added Apr 15th, 2026 at 09:00 am
Education Oversight
Transcript Highlights:
- the amendment to the PCS changes the name of the fund to the education impact and innovation fund the PCF
Keywords:
teacher certification, pilot program, education, state board, alternative pathways, education grants, competitive grants, revolving fund, State Department of Education, State Board of Education, Strong Readers Act, literacy instruction, reading intervention, dyslexia, science of reading, structured literacy, multisensory instruction, school districts, public education funding, education innovation
FL
Florida 2026 4th Special Session
February 11, 2026 - 09:00 AM
Transcript Highlights:
- Representative Barnaby and Gilevardo having closed in PCF, Amy, would you please call the roll?
- Representative Barnaby and Gilevardo having closed in PCF, Amy, would you please call the roll?
Summary:
The Insurance and Banking Subcommittee met to hear and vote on several bills, with all measures reported favorably. The first major item was PCS for HB 175 on payment stablecoins, which would create a Florida regulatory framework aligned with the federal GENIUS Act so issuers can choose state regulation instead of federal licensing. Members asked extensive questions about how stablecoins differ from other digital assets, whether Florida would need federal approval, and what impact the bill would have on the Office of Financial Regulation; the sponsor and OFR said the state framework would mirror federal standards and that any workload increase was currently indeterminate. The PCS passed unanimously after testimony from OFR and the Florida Blockchain Business Association in support.
The committee then approved CS for HB 961, which streamlines electronic signature requirements for salvage titles and certificates of destruction, and HB 1415, a DFS stablecoin pilot program allowing certain stablecoins to be used for licensing and regulatory fees. HB 1415 was amended to remove authority for a Florida coin, limit the pilot to established stablecoins with at least $1 billion market cap, and require secure custody through a public depository or custodial bank. Members discussed how any interest or revenue would be used, with sponsors saying the pilot was still exploratory and intended mainly to cover program costs. Both bills passed favorably.
HB 1039, establishing a state cryptocurrency reserve, also passed after a strike-all amendment moved administration of the reserve from the CFO’s office to the State Board of Administration and tightened eligibility to cryptocurrencies with a $100 billion market cap over the prior 12 months. Supporters argued the bill would create a framework for future diversification and investment in established digital assets, while several members raised concerns about volatility, reporting frequency, and the meaning of new terms such as qualified liquidity provider and secure custody solution. The committee also passed CS for HB 951 on penny rounding for cash transactions, with an amendment clarifying cash transaction definitions and treating money orders and gift cards like credit-card transactions for rounding purposes.
NM
New Mexico 2026 Regular Session
House - Health and Human Services Feb 9th, 2026 at 08:38 am
House Health & Human Services
NM
New Mexico 2025 Regular Session
IC - Legislative Health and Human Services Oct 7th, 2025
Legislative Health & Human Services Committee
Transcript Highlights:
- I would replace the CAP and the PCF with an independent physician who buys a qualifying policy.
- So I tried to argue that the PCF is slow, and that's driving up litigation costs on both sides.
NM
New Mexico 2025 Regular Session
IC - Legislative Health and Human Services Aug 20th, 2025
Legislative Health & Human Services Committee
Transcript Highlights:
- And then there is a cap if you are in the PCF.
- could, I mean, I won't ask you a question, but that could be an answer to your problem if you join the PCF
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