Under the Chilean healthcare system the purchase of health insurance is mandatory and there are 2 main service providers: Fonasa – public plans Isapres -private plans Health insurance is funded through a 7% tax that is levied on the wages of salaried employees. These funds are put into an account with which the employee can […]
Overall, the economic outlook for Mexico is a mixed bag of positive and negative drivers: continuous -though slow- improvements of regulations and security measures, a favourable unemployment rate, and a low to moderate economic growth rate. Most daunting remain the external factors and global (particularly the US’) trade-regulation impacts. Economic growth will continue to be […]
In 2015 the GDP growth rate in Argentina was 1.2%. Overall, looking at the GDP rate since 2011, it has been a turbulent up and down, coming from as high as 8.4% in 2011 to a forecasted -1% in 2016. Healthcare expenditures in Argentina were around €20 bn in 2015, approximately 4.6% of the GDP.
The Market for Medical Devices in Latin America: Leaving the years of unpredictability far behind, and growing steadily into an opportunity to build a stable business
It is already a number of years ago that we started wondering when countries like Brazil, Mexico, Colombia and Argentina would finally leave their status of “promising” behind them, and develop into predictable, flourishing healthcare markets that would allow sustainable commercial operations. With a bit of candor, Latin America is developing into that sizable, predictable […]
As is the case with many countries today, Argentina is currently facing some familiar challenges in terms of healthcare. This blog article, by Ritza Suazo, provides insight in the longer term effect of recent reforms in healthcare.
Argentina is a federal constitutional republic with twenty-three provinces and an autonomous city (i.e. Buenos Aires). While the provinces are administratively divided into departments and municipalities, Buenos Aires is administered through a number of “communes”. Provinces in Argentina enjoy a high amount of autonomy (e.g. they organize their own local governments, and they own and […]
Colombia provides a universal medical system known as the “General System of Social Security in Health” or “Sistema General de Seguridad Social en Salud (SGSSS)” which covers about 97 percent of the population.
The Colombian government is divided into three branches: the executive branch (headed by the president), the legislative branch (represented nationally by congress) and the judicial branch (headed by a supreme court). Compared to other South American economies, public spending in Colombia is right down the middle at about 17 percent (e.g. higher than Chile, Argentina […]
Compared to other Latin American countries, Chile’s economy locates it on the high end, along with Brazil and Argentina as one of the healthcare markets with better prospects. Chilean healthcare expenditures represent about 7.2 percent of the GDP. Funds are managed centrally and distributed to regions and provinces. Chile’s economic growth plateaued in 2013 and is projected […]
With a free market economy, Mexico is considered to be the 12th largest economy worldwide and a potential health care market worth almost € 28 Bln (with projections of CAGR of about 7 percent until 2016).