The letter highlights concerning examples from New Mexico hospitals:
- St. Vincent Hospital reportedly earns $61 million annually from the 340B program—4.1 times more than its charity care spending
- University of New Mexico Hospital maintains 177 contract pharmacy arrangements, with 28% located out of state
- Presbyterian Hospital allocates only 1.7% of operating costs to charity care despite significant profits from the program
According to Patients Rising, the legislation would enable further financial gains by large hospitals and contract pharmacies, undermine true charity care, and drive up medical inflation. The organization concludes by urging the governor to strengthen community benefit requirements in New Mexico rather than codifying what they call “the worst abuses of the 340B program.”