The deadline given by the Supreme Court to comply with the ruling that mandates the Isapres to return the amount owed ends this Sunday, May 12. This period has been extended twice: first in May 2023 and then in November of the same year.
This situation is causing impatience among both insurers and members, who are concerned about the solvency of the system in the future. It is expected that before Sunday Congress will approve the Isapres Short Law to address this problem.
What is the debt of the Isapres and how much are their losses?
According to a report by Diario Financiero, the risk of insolvency of Pension Health Institutions seems increasingly closer. This is accentuated after the Superintendent of Health, Víctor Torres, estimated the debt of these institutions at about US$ 1,576 million (equivalent to about $1,485,067 million Chilean pesos at the current exchange rate).
As reported by the same medium, in an alternative scenario, which contemplates an adjustment of all contributions to 7% – an indication that the Executive entered today -, The debt would amount to approximately $1,168,588 million, that is, around US$ 1,240 million.
Another worrying fact highlighted by the authority is that, although the Isapre system managed to obtain profits of $2,615 million in February, in March it reported losses of $13,079 million.
Besides, In view of the expected reduction in revenue next month due to adjustments in the implementation of the factor table ruling, As well as the accumulated losses, it is anticipated that two Isapres, Banmédica and Cruz Blanca, will fall into insolvency.
As indicated by Torres, in a presentation on the results of all the Isapres, these are the expected accumulated losses for June:
Banmédica, -$14,450 million pesos.
Vida Tres, -$4,871 million pesos.
Colmena, -$13,079 million pesos.
Cruz Blanca, -$29,607 million pesos.
New Masvida, -$12,741 million pesos.
Consalud, -$26,185 million pesos.
Until the aforementioned month, the Isapres would record losses for a total of $100,933 million Chilean pesos. An amount that is equivalent to more than $107 million dollars.
