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President Petro Presents Health Reform Proposal, Calls For Mass Support

COLOMBIA
  • President Gustavo Petro on Monday presented a controversial health reform to lawmakers which his government says will improve primary care, expand access to treatment, raise healthcare worker salaries and fight corruption by eliminating private sector management of payments.
    • The proposals sent to congress seek to slash the role of private health insurers and make the government the main manager of the $15 billion-a-year health system.
    • Petro has called for mass demonstrations to support his proposal. Analysts point out that the bill’s passage will help investors to gauge the government’s ability to pass its pension bill.
  • Economic data is scheduled for 1500GMT/1000ET:
    • Dec. Industrial Production YoY, prior 2.5%
    • Dec. Manufacturing Production YoY, est. 3.1%, prior 4.5%
    • Retail Sales YoY, est. 0.9%, prior 1.7%
    • Dec. Colombia Trade Balance, est. -$850m, prior -$1.11b

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