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Submitted January 20, 2025
Published 2025-01-21

Artículos

Vol. 3 No. 1 (2025): Cuadernos de Coyuntura

Social Security Problems in Panama : Lessons from a structural crisis.


DOI https://doi.org/10.48204/J.cc.n1.a6784

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References
DOI: 10.48204/J.cc.n1.a6784

Published: 2025-01-21

How to Cite

Herrera Ballesteros , V. H. (2025). Social Security Problems in Panama : Lessons from a structural crisis. Cuadernos De Coyuntura, 3(1), 96–107. https://doi.org/10.48204/J.cc.n1.a6784

Abstract

From its conception, security has been considered a public good, because its reason is to solve the so-called market failures in access to health and old-age pensions.  For this reason, the Social Security Fund must always be conceived as a public entity and its management must be far from any attempt at total or partial privatization.  For this reason, in the current situation, there must be a total rejection of the current bill 163, given that from its explanatory memorandum it violates this universal principle. 

Social security is going through a series of structural and short-term problems that require short- and long-term policies to guarantee the transition to a sustainable pension scheme based on intergenerational solidarity on the one hand, and to efficiently manage the provision of health services with universal coverage.  on the basis of coordination between the Social Security Fund and the Ministry of Health, to end the social gap in health.  It is essential to work on new legislation that makes clear the areas of action of both entities, towards universal health in addition to uniting the reserves of the mixed system and the system of defined exclusive benefit, and that it is the latter system that prevails, in which there is a defined replacement rate and where the intergenerational transition is the basis of the solidarity of the pension system.

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