Ecuador: Social Security Medical System in Crisis, state of emergency

Rebeca Morla/panamapost.com reported the health-care section of Ecuador’s Social Security system is in crisis. The primary state hospital for beneficiaries, Teodoro Maldonado Carbo in Guayaquil, has racked up US$900 million in debts since 2008, with no end in sight. Corruption, major performance failures, user complaints, and a lack of medicines and supplies are some of the problems that have plagued the hospital of the Ecuadorian Institute of Social Security (IESS). After a thorough investigation began in December, investigators declared it in a “state of emergency” on January 21.

Milica Pandžić, executive board member of Students for Liberty in Ecuador, told the PanAm Post……Finally, Pandžić believes that excessive public spending is a major flaw of Correa’s administration: “The biggest mistake of this government has always been to focus on ‘what is seen’ — public expenditure and immediate results — but they do not understand that there is also, as Bastiat would say, ‘what is unseen,’ which in our case would be all the prosperity and possibilities that the country is losing, while drowning in debt.” Read Article

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