New Mexico boosts doctor pay to fight healthcare gaps

New Mexico is betting big on student debt to fix its doctor shortage. The state just expanded a program that gives doctors up to $75, 000 a year for four years if they work in underserved areas. That’s triple the old reward of $25, 000 a year for three years. The goal? Fill the gap where 32 of 33 counties can’t get basic care. But money isn’t the only problem. Most of the state’s doctors are over 60 and likely to retire soon. Two-thirds say they’re thinking of leaving because of high malpractice costs. The state just passed a law to cap those payouts, hoping to keep doctors around. Still, private equity firms buying up hospitals are keeping wages lower than in neighboring states.The program now has $25 million a year and splits funds between doctors and other health workers like nurses. Over 1, 200 people have already gotten help paying loans. The governor says this keeps doctors in New Mexico and cuts wait times for patients. Critics wonder if more money alone can solve the issue. Some argue the real problem is deeper—like hospitals being sold off and paychecks staying small. Others cheer the move, saying it’s a smart way to attract doctors who are drowning in student loans. Either way, the state is putting serious cash on the table. Over $87 million has been promised so far. The big question: Will doctors stay once they’re done with their service?