Petro says accusation confirms Nueva EPS bankruptcy

President Gustavo Petro commented on the Fiscalía's charges against José Fernando Cardona, former president of Nueva EPS, stating that it confirms the entity's bankruptcy since 2021. According to Petro, the insurer continued extracting billions in state resources despite its insolvency. The intervention and liquidation of Nueva EPS address its impact on Colombia's hospital network.

The Fiscalía General de la Nación formally charged José Fernando Cardona, who served as president of Nueva EPS during the period when alleged billing irregularities occurred. This entity, currently under government intervention, has faced scrutiny over financial and operational issues.

In response to the case, President Gustavo Petro stated: "Do you know what this imputation of charges against the president of Nueva EPS means? That Nueva EPS was bankrupt since 2021, but it continued taking resources from the state for billions of pesos." Petro stressed that the liquidation of the EPS was due to it "bankrupting half of Colombia's hospital and clinic network and because it would immediately bankrupt all other EPS in the country."

Furthermore, the president criticized the EPS model as financial intermediaries in health, arguing that they "only serve for their owners to drain the state's money." He proposed transforming them into health managers without financial intermediation, an initiative blocked by those who, according to him, steal resources and allied with the Senate's Seventh Commission. Despite this, Petro assured that the health reform is progressing.

This case occurs amid rising complaints against Nueva EPS. In Huila, for instance, reports to the Defensoría del Pueblo increased by 564%, from 39 in 2024 to 259 in 2025, mainly due to lack of timely medications and denial of services. Users like Marcela Torres have reported waits of up to 20 days to obtain essential treatments, exacerbating the regional health provision crisis.

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President Petro announces EPS liquidation impacting 12 million amid health service disruption fears and medication delay deaths.
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Petro orders liquidation of crisis-hit EPS without transition plan

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President Gustavo Petro announced the liquidation of several financially troubled EPS, impacting around 12 million users, amid warnings over the absence of a contingency plan. Regional officials and associations caution against service disruptions and massive transfers that could overload the system. Recent deaths from medication delays highlight existing failures.

Nueva EPS announced timely payments to the public hospital network as part of its stabilization plan, starting with December 2025 funds received in January 2026. The entity faces embargoes worth $2.1 billion and is among 10 intervened EPS serving 25 million affiliates. Experts warn of structural issues in Colombia's health system.

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The Colombian Association of Integral Medicine Companies (Acemi) warned that liquidating intervened EPS, as proposed by President Gustavo Petro, would risk care for millions by transferring them to entities like Nueva EPS, which lack capacity. The guild criticized deterioration during interventions and called for sensibility.

Provincial deputy Santiago Pérez Pons filed a criminal complaint against Mayor Bruno Cipolini and his economic team for irregularities in handling public funds invested in risky stock instruments. The accusation alleges embezzlement and lack of authorization, amid deficit budgets. The municipality defends its actions as legal and plans to recover the lost funds.

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President Gustavo Petro defended Colombia's transition to clean energies, stating that oil exploration contracts from the last decade have not found large amounts of oil. He insisted on lowering the real interest rate to boost the economy. He highlighted advances like investments in solar substations and potential exports.

President Gustavo Petro declared an economic emergency to address the crisis from heavy rains in northern Colombia. The measure aims to raise $8 billion through a temporary wealth tax on large companies and other levies. Critics question the management of existing resources and warn of economic impacts.

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President Gustavo Petro accused the National Electoral Council (CNE) of orchestrating a scheme to divert 160 billion pesos from the national budget to political campaigns linked to former President Iván Duque. Speaking at a meeting with the Colombian community in Washington, Petro described the move as a divisive ploy that undermines electoral neutrality. He stressed the importance of free elections without tricks.

 

 

 

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