The president of the Social Insurance Institute (IPS) announced at a press conference held this Monday the removal of over 800 medicines from the institution's stock. According to him, the items were acquired without clear reason and will now be withdrawn as part of a financial cleanup process.
The measure seeks to reduce spending and eliminate obsolete medicines that are of no use to policyholders. The president highlighted that the action is the first step in a broader restructuring plan for the IPS, which faces a chronic deficit.
The announcement comes amid government efforts to curb social security spending. The IPS is Paraguay's main social security entity, responsible for managing the mandatory social insurance of millions of workers.