A high-risk insurance pool in New Mexico refusing to turn over its annual financial audits to the state Auditor's Office for approval says it does not meet the definition of a state agency
ALBUQUERQUE, N.M. (AP) — A high-risk insurance pool in New Mexico refusing to turn over its annual financial audits to the state Auditor’s Office for approval says it does not meet the definition of a state agency.
A contract attorney representing the insurance pool says in a June 4 letter that the pool is a “nonprofit entity made up of private business members.”
The Albuquerque Journal reports the attorney later added the pool will post the audits on its website.
About 2,400 New Mexico residents are enrolled in the high-risk insurance pool. Many of people it serves are kidney dialysis patients who are disabled, while others are living in the country illegally and cannot qualify for federally subsidized health insurance.
Most Read Nation & World Stories
- Historians privately warn Biden that America's democracy is teetering
- WSU police chief, 2 others retire after internal investigation
- Sports on TV & radio: Local listings for Seattle games and events
- MIT researchers create test to predict COVID immunity; Harvard scientists develop test for both virus and antibodies
- Naturalist who was authority on eastern timber rattlesnakes dies of snakebite at 80
The insurance pool has come under fire in recent weeks for the political ties of its administrators.
Information from: Albuquerque Journal, http://www.abqjournal.com