Argentina’s president will push his agenda by decree after congressional loss

Argentina’s president will push his agenda by decree after congressional loss

Still reeling from his first legislative defeat, President Javier Milei seeks to push forward with some key points of the omnibus law, either through decrees or by formulating new bills. In this vein, the government announced on Monday that it will soon publish a decree (executive order) to deregulate union-run health insurance funds, as reported by local newspapers.

Beneficiaries will be able to choose a health insurance provider or private healthcare plan – registered for this purpose – when starting a new job, without any intermediation. This choice can be made once a year, at any time from the beginning of the employment relationship.

In this way, Javier Milei intensifies pressure in his fight against the General Confederation of Labor (CGT), which has already threatened with a new national strike.

However, a new snub to the unions was made this Monday, in addition to the announcement of the deregulation of union-run health insurance funds, sources with authority in the Government Palace confirmed that they are not ruling out advancing with labor reform.

Milei is convinced that it’s necessary to take a hard line against the unions.

The administration remains at odds over teacher salary negotiations, although various officials admitted off the record that they understand they “must sit down to negotiate” and that, despite public criticism of the unions, they are aware they need to engage in a productive negotiation so kids can start going to school in March (Education is mostly public in Argentina).

Javier Milei is known for his staunch advocacy of free-market principles and limited government intervention in the economy.Furthermore, Milei is highly vocal about his disdain for traditional political establishments and mainstream economic orthodoxy. He frequently challenges conventional economic wisdom and advocates for radical reform to dismantle what he perceives as entrenched bureaucratic structures and vested interests.

Milei’s provocative rhetoric and unapologetic style have garnered significant attention, particularly among younger generations disenchanted with traditional political parties and ideologies.

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ABOUT THE AUTHOR See More
Ignacio Teson
Economist and Financial Analyst
Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.
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