One of Colombia’s largest health insurance companies will stop operating in the Colombian public system to avoid further deterioration of its financial position, BNN reports on May 28.
The public insurance unit of Grupo de Inversiones Suramericana SA, known as EPS Sura and which serves more than 5 million people, announced its decision, noting that it still requires approval from Colombia’s health service. The company will continue serving clients in the private system.
The insurer reported net losses of $94 million in 2023 and predicted they could rise to $130 million this year, which would not make it viable in the current environment.
“Although health is a fundamental right and what has been achieved represents a great social achievement for the country, unlimited coverage and services contrast with an insufficient budget.”EPS Sura said.
Source: Rossa Primavera
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