The project, presented by Colorado MPs Arnaldo Samaniego and Sergio Rojas, intends that the IPS Board of Directors have legal tools to be able to resolve the debt that the pension has with pharmaceutical companies following the rising Covid-19 pandemic to about G. 1.6 trillion, which is equivalent to $ 233 million today. They claim that current income is insufficient for the level of coverage provided by the institution.
The union of insured persons IPS has already announced that it will carry out demonstrations for this fact, since it says it wants to borrow the pension fund in the long term under the establishment of a trustee of administration and payment, seriously compromising the Health Budget.
The bill consists of four articles. In the first, the IPS requires the BNF or other financial institutions to open medium and long-term credit lines that will be used to fulfill the obligations of the Sickness and Maternity Program, establishing the conditions of fulfillment pursuant to the regulatory provisions .
It provides in its second article that long-term financing operations will be carried out under the establishment of a management and payment fiduciary commission, in accordance with the provisions of Law 921 “On fiduciary companies”.
Likewise, it provides that the maximum limit of the total annual installments deriving from transactions authorized by law cannot exceed 5% of the annual budget designated for the year in which the financial transaction is carried out.
The project has long been debated and criticized by opponents, but has been approved by the Colorado majority and is now moving to the Senate.
