New Mexico insurance pool refusing to turn over audits

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.
The insurance pool has come under fire in recent weeks for the political ties of its administrators.
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Information from: Albuquerque Journal, http://www.abqjournal.com