He Executive power will sign this Monday the intervention of the Medical Union of Uruguay Assistance Center (Casmu), without displacement of authorities, as confirmed by the president Luis Lacalle Pou; At the same time, they will send a bill to the Parliament to request that the State act as guarantor of the loan requested by the health mutual fund.
This was confirmed by the president in an informal conversation with a group of journalists during an event at the mayor’s office Cannelloni. On the other hand, he confirmed the submission of a bill by the Executive power to the Parliament with the aim of approving the State to act as guarantor for the loan requested by Casmu.
Meanwhile, the president of the health mutual, Raul Rodriguez, was waiting for the Executive to issue a statement to establish what it would do with Casmu. According to the President of the Republic, the intervention would be carried out without the displacement of the authorities.
The BROU loan
He Republic Bank (BROU) announced more than a week ago, a loan of 1,000 million Uruguayan pesos, about 25 million dollars, to Casmu with the intention of resolving the mutual fund’s liquidity in the midst of a financial crisis.
However, the loan approval – which was unanimous with the exception of the representative of the National Party – It also has a fundamental condition: the State must act as guarantor for the mutual insurance company so that the credit is confirmed.
According to El País, the BROU would provide the Casmu a total of 25 million dollars, equivalent to 1,000 million Uruguayan pesos, so that the mutual fund can finally resolve its liquidity.
Previously, the Ministry of Public Health (MSP) had ordered Casmu to submit information proving that it had “corrected the situation of economic-financial imbalance, under penalty of intervention or other consequences provided for by the regulations.”
Casmu’s explanations on the financial situation
The president of Casmu, Raul Rodriguez, He assured that the cash flow allows the mutual fund to reach April 2025 in “good conditions” and highlighted the current management compared to the previous one, which “gave credit”, which is why he insisted that there was a “50 million pesos loss”.
Regarding the new trust, Rodriguez clarified that it is necessary “to access credits with other institutions and lower our financial costs,” despite the MSP’s critical view on the matter.
From the portfolio that leads Karina Rando They argued that “the healthcare risk arises from the Casmu board’s own approach”, referring to the fact that the mutual fund has “some overdue obligations”.
Source: Ambito
