Triple-S Management Corporation announced Wednesday its subsidiary, Triple-S Salud Inc., has agreed to extend its contract with the Puerto Rico Health Insurance Administration for the provision of health services in the Metro North and West regions of the government's health insurance program, to Sept. 30, 2017.
The Government of Puerto Rico took a series of steps to address the expiration of the Medicaid federal funds and the commencement of the pay as you go pension plan model, given the insolvency of the Retirement Systems, with several measures to improve its liquidity, said Gerardo Portela, executive director of the Puerto Rico Fiscal Agency and Financial Advisory Authority (FAFAA.)
Puerto Rico Gov. Ricardo Rosselló confirmed Monday that Puerto Rico was included in the Appropriations package expected to be approved by Congress this week, which will guarantee $296 million toward the Medicaid shortfall, $3.3 million for the dredging works in the San Juan Harbor, and $750,000 to start working on the Martín Peña Channel.
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