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Las Vegas’ UMC lost $70M last year

8 News Now, September 22, 2011

The financial losses are starting to pile up for Clark County's public hospital. University Medical Center posted an operating loss last year that exceeded $70 million, nearly 3 percent more than last year's loss. The hospital has tried for years to minimize the losses but there's very little hope UMC can be back in the black anytime soon. Three years of budget shortfalls has meant layoffs and paycuts. The hospital's CEO says there won't be anymore cuts, so now the focus is filling that $70 million hole. Being the largest public hospital in the state, UMC has to take every patient whether they can pay or not. Last year the hospital ate $250 million in unpaid bills.