The Superintendent of Health has said the government will not liquidate the troubled health insurance company (EPS) Saludcoop, but will extend the intervention until the company reaches an “economic equilibrium,” reported Caracol Radio Wednesday.
The EPS was re-possessed by the government in May for inconsistencies found in its financial operations and the flow of money in the treasury in regards to debt payments.
“We are absolutely sure that we are not talking about any case of liquidation, however for the administration to resolve the financial problems and be able to continue operating it’s very possible that the intervention will be extended,” said the Superintendent of Health Conrado Gomez.
The new director of Saludcoop Wilson Sanchez Hernandez, an economist with experience in reconstruction of liabilities, will be in charge of making financial and legal decisions for the EPS in efforts to re-establish the legitimacy of the private insurance company in charge of public health care provided by government funds.
According to weekly Semana, employees of Saludcoop were not paid for the month of May. The Superintendent promised to pay the back salary to employees by June 18.
“In this order of priorities, we have to begin with unproductive assets and those of little use. In about three weeks we are going to present to the country the financial reality of the EPS,” said Superintendent Gomez.