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The IMSS was founded by Mexican President Manuel Ávila Camacho on January 19, 1943 to satisfy the legal precepts established in the Article 123 of the Mexican Constitution. It is constituted by representations of the workers, employers, and the federal government. It is the largest social welfare institution in all Latin America. [citation needed]
The Institute of Health for Welfare (Spanish: Instituto de Salud para el Bienestar, INSABI) was a government agency of Mexico that provided medical services to those people who were not covered by the Mexican Social Security Institute (IMSS) or the Institute for Social Security and Services for State Workers (ISSSTE).
The agency was established as the Secretariat of Public Works (Secretaría de Obras Públicas) in 1959.In 1976, it changed its name to the Secretariat of Human Settlements and Public Works (Secretaría de Asentamientos Humanos y Obras Públicas), with another name change in 1982 to Secretariat of Urban Development and Ecology (Secretaría de Desarrollo Urbano y Ecología).
Later, the Bonos del Ahorro Nacional became popular among the country as they were used to pay for all the prizes won in contests, promotions, and raffles. In 1951, the Bono del Ahorro Escolar (School Savings Bond) was created to promote the purchase of 20-cent stamps that would be pasted in a booklet for elementary school students. By ...
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