NEW MEXICO (KRQE) – A lot of the money the state put aside for hospitals in New Mexico is going unspent—hundreds of millions of dollars worth. State lawmakers heard a report about how public tax dollars are being used to fund hospitals Monday morning, and the data revealed information that shocked lawmakers.
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“I think it would be worth our while to maybe pass legislation that says, if you don’t provide us data, financial data that we need, we don’t give you any more money,” said Rep. Elizabeth Thomson (D-Albuquerque).
State lawmakers expressed frustration over a new report from the Legislative Finance Committee (LFC) concerning taxpayer money being poured into hospitals across New Mexico. The report had four main findings: first, that hospitals became less profitable between 2022 and 2023. However, “While net income may have declined, hospitals are still making a significant amount of money in revenue,” said Allegra Hernandez, senior fiscal analyst for the LFC…