Jan 2017: A Needle Hard to Thread
The challenges of health and PROMESA for Puerto Rico
A new year has arrived and brought with it a series of complex issues that require immediate attention. The US Congress mandated fiscal supervisory Board under PROMESA is dealing with PR’s fiscal and economic crisis. Health is one of the priorities as well as payment of PR’s public debt. With the upcoming repeal of Obamacare in the US, Puerto Rico faces a shortfall of almost $1 billion in federal funds for the public healthcare system, putting thousands of Puerto Ricans at risk. The Board is just starting to demand quick action from the new government by establishing a dialogue and trying to expedite under a tight timeline the process of certifying a sustainable fiscal plan that would restore fiscal discipline, provide access to financial markets, pay the public debt, and bring economic growth to PR over the next decade. But, will it succeed? Amidst all these priorities is Puerto Rico’s healthcare plan for the medically indigent. Find out what has happened since started on September 1993 and what lies ahead in the immediate future for PR.