Guadalajara Reporter

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Jan 27th
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Home News National IMSS facing financial meltdown

IMSS facing financial meltdown

Mexico’s massive public health care institute is mired in a desperate financial situation with 88 percent of its budget destined for salaries and paying the pensions of former employees.

Worse still, some analysts say the Mexican Social Security Institute (IMSS), which provides health care for just over of half of Mexico’s population, will go broke by 2015.

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