Damage Caps in New Mexico

The overall cap on all damages (except punitive damages and compensation for past or future medical care) against healthcare providers is $600,000 if the injury or death occurred before January 1, 2022, bumped up to $750,000 for independent providers. Beginning January 1, 2023, the per occurrence limit on recovery shall be adjusted annually by the consumer price index for all urban consumers. The cap for hospitals and outpatient healthcare facilities goes up in increments of $500,000 annually, starting from $4 million for injuries or deaths that occur in 2022.