Senate Memorial 9 asks DOH and HSD to convene a task force to study the possibility of instituting a global all-payer budget for hospitals in New Mexico, as has been the case in the state of Maryland since 2014 after a successful pilot program there that began in 2011. The memorial points out the encouragement given by the federal Center for Medicare and Medicaid Services (CMS) for states to develop alternatives to traditional fee-for-service financing for
hospital funding with the “triple aim” of simultaneously pursuing the improvement of the patient experience of care, improving the health of populations, and reducing the per capita cost of health care.