PHM-Exch> New report: Social insecurity The financialisation of healthcare and pensions in developing countries

[Claudio Schuftan]

From: Rebecca Brown <rbrown at escr-net.org>

New report: Social insecurity The financialisation of healthcare and
pensions in developing countries<http://www.brettonwoodsproject.org/art-566515>

Source: Bretton Woods Project

This report aims to raise awareness of private financial institutions’
influence on healthcare and pensions in developing countries.
‘Financialisation’ – the expanding systemic power and scope of finance and
financial markets and actors – has persisted, even through the financial
crisis, without adequate debate or scrutiny. It argues that the
privatisation reforms have failed to adequately address the social risks of
old age, poverty and poor health. Far from increasing efficiency, the
reforms have proved costly and have drained public resources through lavish
tax incentives and significant administrative and regulatory expenses. The
role of private financial institutions in the reform process are examined by
considering two case studies: private pensions in Chile and private health
insurance in Argentina. The report concludes that private and poorly
regulated financial institutions have played a central role in the failures
of the social security reforms to overcome the challenges of healthcare
access and old age poverty in many developing countries.

*The full report, by Bretton Woods Project is available as a
**PDF.*<http://www.brettonwoodsproject.org/doc/private/socialinsecurity.pdf>

http://www.brettonwoodsproject.org/socialinsecurity

This briefing can also be viewed as a PDF:

http://www.brettonwoodsproject.org/doc/private/socialinsecurity.pdf

This briefing is published by the Bretton Woods Project.
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