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 announcing the liquidation of Air-e to create a new public electricity company in Colombia's Caribbean coast.
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Petro announces liquidation of Air-e to create public company in the Caribbean

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President Gustavo Petro announced the liquidation of energy company Air-e to integrate its assets into a new public regional company. The measure aims to guarantee continuity of electricity service for 1.3 million users in Atlántico, Magdalena and La Guajira.

President Gustavo Petro defended the public health model and sharply criticized EPS during his Labor Day speech in Medellín. Addressing a crowd in Las Luces park, he proposed a national constituent assembly. He highlighted achievements in health infrastructure, such as floating hospitals in remote areas.

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President Gustavo Petro labeled as an 'aberration' the Tribunal Administrativo de Bolívar's order to return the intervened EPS Coosalud to its legal representative. In a post on X, Petro criticized the ruling, citing corruption in handling public funds. The Superintendente de Economía Solidaria stated that the handover requires a formal process.

Jaime Dussán, president of Colpensiones, defended the decree ordering the transfer of nearly $25 billones in savings from AFP to the public entity, dismissing concerns over liquidity and profitability. The measure affects 119,632 affiliates who switched regimes, as the financial sector warns of risks to savings. Decree 0415 of April 20 regulates these transfers amid judicial review of the pension reform.

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