U.S. lawmakers yesterday called for heightened scrutiny of Puerto Rico’s Medicaid program as the bankrupt territory seeks increased federal health care funding while it deals with repercussions from a government corruption scandal, Reuters reported.
Puerto Rico in Distress
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Puerto Rico Governor Ricardo Rossello said yesterday that he will stay in office despite protests calling for his resignation that turned violent overnight, Reuters reported. A peaceful demonstration that drew thousands to the streets of San Juan on Monday turned hostile in the evening when protesters and police clashed, injuring 21 law enforcement agents, officials said.
After three years of negotiations, Puerto Rico’s federal overseers are at last finishing up a plan to complete the restructuring of the island’s roughly $124 billion in debt. To resolve the biggest government financial collapse in U.S.
A bill that would substantially boost federal Medicaid funding for Puerto Rico advanced out of a U.S. House subcommittee yesterday after lawmakers agreed to work on stricter safeguards in the wake of a government corruption scandal in the territory, Reuters reported. The Health Subcommittee sent the legislation, which would give the bankrupt U.S.
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The Financial Oversight and Management Board for Puerto Rico was created under the Puerto Rico Oversight, Management and Economic Stability Act of 2016. The Board consists of seven members appointed by the President of the United States and one ex officio member designated by the Governor of Puerto Rico. Access information on the Board, documents, videos of meetings, calendar of events and live webcasts by clicking here.