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The Role of Insurance in Social Protection in Latin America
Author(s) -
Titelman Daniel,
Uthoff Andras
Publication year - 2005
Publication title -
international social security review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.349
H-Index - 28
eISSN - 1468-246X
pISSN - 0020-871X
DOI - 10.1111/j.1468-246x.2005.00216.x
Subject(s) - solidarity , latin americans , social security , social protection , social insurance , business , face (sociological concept) , private insurance , health insurance , finance , public economics , health care , actuarial science , economics , economic growth , political science , politics , social science , sociology , law , market economy
Social protection schemes in Latin America face serious short falls in the financial resources available to meet their needs. New types of insurance envisaged in reforms should help to contain costs and increase coverage. However, in strengthening schemes' coverage it is highly probable that considerable demand for additional financial resources will arise to address the need to introduce the principle of solidarity into the system. This article examines reforms in the financing of social security for healthcare and pensions, highlighting the implications of various public‐private combinations for financial management and coverage.