New Jersey will study whether it needs all its hospitals and if state health care funding is rationally distributed, Gov. Jon S. Corzine said Thursday. Corzine signed an executive order creating a special commission to study the state’s 81 acute care hospitals, project future physician and health clinic demands and determine whether financially strapped hospitals are essential, among other things. ``We need to take a thoughtful look at whether all our hospitals are necessary, whether they are suitably located to meet health care needs and whether state funding is properly distributed among them,’’ Corzine said. The 11-member panel, which hasn’t yet been named, has until June to finalize its recommendations. The New Jersey Hospital Association has said 40 percent of the state’s hospitals lost money last year and the average hospital earned a 1 percent profit. Corzine noted 17 New Jersey hospitals have closed since 1995. In July he said the state may have 25 more hospitals than necessary. The state provides about $1 billion per year to hospitals to pay for treating uninsured patients. This fiscal year’s budget also includes millions in direct grants to hospitals and health systems affiliated with hospitals. Corzine said he’s hopeful the panel’s recommendations might help the state save money, but said New Jersey may simply rearrange how it allocates money to try to tackle health care disparities among regions and races.