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The Mexican Social Security Institute (Spanish: Instituto Mexicano del Seguro Social, IMSS) is a governmental organization that attends to public health, pensions and social security in Mexico operating under Secretaría de Salud (Secretariat of Health).
The IMSS was founded by President Manuel Ávila Camacho on January 19, 1943, in order to satisfy the legal precepts established in the Article 123 of the Constitution. It is constituted by representations of the Workers, Employers and the Federal government.
It is the largest social institution in Latin America.
For some time, however, there have been festering signs of trouble in IMSS, not the least being serious financial problems that came to a head in early November 2010. Yet it’s hard — nearly impossible — to imagine the Mexican government not bailing out its lauded healthcare, pension and social security system. See “Looming Social Security and Healthcare Problems in Mexico,” by Barnard R. Thompson, MexiData.info, Nov. 8, 2010