The Brief
- HCMC faces possible closure this summer as it loses millions each month.
- Lawmakers are considering new funding ideas, including a county sales tax and state support.
- The hospital’s financial troubles could signal problems for other hospitals in Minnesota.
MINNEAPOLIS (FOX 9) – Time is running out for lawmakers and hospital leaders trying to keep HCMC open as the hospital’s financial crisis deepens.
HCMC’s financial struggles
What we know:
HCMC has operated at a loss for eight of the past 10 years, mainly due to unpaid medical bills. Even a small increase in uncompensated care — just 2% from 2020 to 2024 — meant $60 million more in losses, pushing the total above $100 million each year.
“That demonstrates how vulnerable our hospital is to even seemingly small disruption in terms of uncompensated care,” Abdi Abdiraham, Hennepin Healthcare CFO, told FOX 9.…