Empleado 2%

Empresa 5%
Diferencia Estado
Cobertura 100,000 personas
Max 600
Min 350
Crecimiento ¨-1 a 4% anual Distribuido uniformemente
Max 4
Min -1
Reclamos 70% de las personas presentan reclamos
Promedio $2,500 x empleado anuales
σ 400
Producto Interno bruto 22,500,000,000.00 1,800,000,000.00
22,500,000,000.00
* Proponga un modelo que permita determinar el valor presente de los pagos anuales que hay que hacer en el sistema, para l
salud.
* Supóngase que para que el escenario sea factible, el valor presente neto de la aportación del estado sea equivalente a no m
cual, para este año se estima en B/. 22.5 mil millones. Igualmente

* En caso de que no se cumpla con el requerimiento anterior, determine cuales son los parámetros más sensitivos para que se

Ingresos

1 2 3
1% -1%
Población 100,000.00 101,252.86 100,298.57
Salario 5,424.00 5,484.00 7,164.00
Aporte de empleados 2% 10,848,000.00 11,105,413.99 14,370,778.83
Aporte de la empresa 5% 27,120,000.00 27,763,534.97 35,926,947.06
Diferencia del Estado 112,607,677.21 206,704,272.62 132,868,602.12

Reclamos prom anual 2,151.08 3,464.78 2,608.87

70% de la población 70,000.00 70,877.00 70,209.00
Costo total 150,575,677.21 245,573,221.58 183,166,328.01

1 1,868,028,054.47 1,800,000,000.00 8.30%

2 1,868,028,054.47 1,800,000,000.00 8.30%
3 1,868,028,054.47 1,800,000,000.00 8.30%
4 1,868,028,054.47 1,800,000,000.00 8.30%
5 1,868,028,054.47 1,800,000,000.00 8.30%
6 1,868,028,054.47 1,800,000,000.00 8.30%
7 1,868,028,054.47 1,800,000,000.00 8.30%
8 1,868,028,054.47 1,800,000,000.00 8.30%
9 1,868,028,054.47 1,800,000,000.00 8.30%
10 1,868,028,054.47 1,800,000,000.00 8.30%
11 1,868,028,054.47 1,800,000,000.00 8.30%
12 1,868,028,054.47 1,800,000,000.00 8.30%
13 1,868,028,054.47 1,800,000,000.00 8.30%
14 1,868,028,054.47 1,800,000,000.00 8.30%
15 1,868,028,054.47 1,800,000,000.00 8.30%
16 1,868,028,054.47 1,800,000,000.00 8.30%
17 1,868,028,054.47 1,800,000,000.00 8.30%
18 1,868,028,054.47 1,800,000,000.00 8.30%
19 1,868,028,054.47 1,800,000,000.00 8.30%
20 1,868,028,054.47 1,800,000,000.00 8.30%
21 1,868,028,054.47 1,800,000,000.00 8.30%
22 1,868,028,054.47 1,800,000,000.00 8.30%
23 1,868,028,054.47 1,800,000,000.00 8.30%
24 1,868,028,054.47 1,800,000,000.00 8.30%
25 1,868,028,054.47 1,800,000,000.00 8.30%
26 1,868,028,054.47 1,800,000,000.00 8.30%
27 1,868,028,054.47 1,800,000,000.00 8.30%
28 1,868,028,054.47 1,800,000,000.00 8.30%
29 1,868,028,054.47 1,800,000,000.00 8.30%
30 1,868,028,054.47 1,800,000,000.00 8.30%
31 1,868,028,054.47 1,800,000,000.00 8.30%
32 1,868,028,054.47 1,800,000,000.00 8.30%
33 1,868,028,054.47 1,800,000,000.00 8.30%
34 1,868,028,054.47 1,800,000,000.00 8.30%
35 1,868,028,054.47 1,800,000,000.00 8.30%
36 1,868,028,054.47 1,800,000,000.00 8.30%
37 1,868,028,054.47 1,800,000,000.00 8.30%
38 1,868,028,054.47 1,800,000,000.00 8.30%
39 1,868,028,054.47 1,800,000,000.00 8.30%
40 1,868,028,054.47 1,800,000,000.00 8.30%
41 1,868,028,054.47 1,800,000,000.00 8.30%
42 1,868,028,054.47 1,800,000,000.00 8.30%
43 1,868,028,054.47 1,800,000,000.00 8.30%
44 1,868,028,054.47 1,800,000,000.00 8.30%
45 1,868,028,054.47 1,800,000,000.00 8.30%
46 1,868,028,054.47 1,800,000,000.00 8.30%
47 1,868,028,054.47 1,800,000,000.00 8.30%
48 1,868,028,054.47 1,800,000,000.00 8.30%
49 1,868,028,054.47 1,800,000,000.00 8.30%
50 1,868,028,054.47 1,800,000,000.00 8.30%
 2 225 0.008888888888889

1800000000

que hay que hacer en el sistema, para los diferentes participantes del sistema de

tación del estado sea equivalente a no más del 8% de PIB actual del país, el

s parámetros más sensitivos para que se cumpla ese requerimiento

4 5 6 7
4% -1% 2% 1%
103,863.74 103,033.37 105,443.76 106,270.54
6,960.00 4,332.00 5,460.00 6,828.00
14,457,833.12 8,926,810.81 11,514,458.05 14,512,305.12
36,144,582.79 22,317,027.03 28,786,145.12 36,280,762.80
201,244,030.09 176,894,772.21 119,985,034.92 205,662,561.92

3,463.97 2,885.87 2,171.58 3,447.48

72,704.62 72,123.36 73,810.63 74,389.38
251,846,446.00 208,138,610.06 160,285,638.10 256,455,629.85

8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
2300000000
8.00%
8.00% 2200000000
8.00% 2100000000
8.00%
2000000000
8.00%
1900000000
VPN

8.00%
1800000000
1700000000
1600000000
1500000000
13
14

20
21
22

26
27

31
32
33

37
38
39

43
44
45
1
2
3
4
5
6
7
8
9
10
11
12
15
16
17
18
19

23
24
25
28
29
30

34
35
36

40
41
42

46
 2200000000
2100000000
2000000000
1900000000

VPN
8.00% 1800000000
8.00% 1700000000
8.00%
8.00% 1600000000
8.00% 1500000000

1
2
3
4
5
6
7
8
9

13
14

20
21
22

26
27

31
32
33

37
38
39

43
44
45
8.00%

10
11
12
15
16
17
18
19

23
24
25
28
29
30

34
35
36

40
41
42

46
8.00%
8.00% SIMULACIONES
8.00%
8.00%
8.00%
VALOR PRESENTE NETO APORTE MAXIMO DEL ESTADO
8.00%
8.00%
8.00%
8.00%
12.00%
8.00%
8.00% 11.00%
8.00%
8.00% 10.00%
PORCENTAJE

8.00%
8.00% 9.00%
8.00%
8.00% 8.00%
8.00%
8.00% 7.00%
8.00%
6.00%
8.00%
10
11
12

16
17
18

22
23
24

27
28
29

36
37
38

42
43
44
1
2
3
4
5
6
7
8
9

13
14
15

19
20
21

25
26

30
31
32
33
34
35

39
40
41

45
8.00%
8.00% SIMULACIONES
8.00%
8.00%
8.00% PORCENTAJE DE APORTE DEL ESTADO APORTE MAXIMO DEL ESTAD
8.00%
8.00%
8.00%
8.00%
8.00%
 8 9 10 11 12
2% 3% 2% 2% 1%
108,486.65 111,971.13 113,918.64 115,896.29 117,094.13
5,556.00 5,412.00 6,036.00 5,676.00 4,272.00
12,055,036.47 12,119,755.47 13,752,257.73 13,156,546.92 10,004,522.58
30,137,591.18 30,299,388.67 34,380,644.33 32,891,367.30 25,011,306.46
68,486,180.05 245,945,091.22 67,371,209.95 128,502,707.12 120,312,736.34

1,457.44 3,679.06 1,448.45 2,151.56 1,895.04

75,940.65 78,379.79 79,743.05 81,127.40 81,965.89
110,678,807.70 288,364,235.36 115,504,112.02 174,550,621.34 155,328,565.38
20
21
22

26
27

31
32
33

37
38
39

43
44
45

49
50
17
18
19

23
24
25
28
29
30

34
35
36

40
41
42

46
47
48
 20 17
21 18
22 19
23 20
21

ESTADO
24 22
25 23
26 24
27 25
28 26

SIMULACIONES
ULACIONES
29 27
30 28
31 29
32 30
33 31
34
32
33
35 34
36 35
37 36
38 37
39 38
40 39
41
40
42
41
42
43 43
44 44
45 APORTE MAXIMO DEL ESTADO 45
46 46
47

APORTE MAXIMO DEL ESTADO

47 48
48 49
49 50
50
 13 14 15 16 17
2% 3% 3% 2% 2%
120,003.46 123,077.25 126,543.94 128,756.00 131,328.53
4,536.00 6,720.00 4,356.00 4,356.00 4,236.00
10,886,713.53 16,541,582.95 11,024,507.83 11,217,222.82 11,126,153.16
27,216,783.82 41,353,957.37 27,561,269.58 28,043,057.05 27,815,382.91
192,983,687.24 87,970,378.33 121,831,648.22 260,774,203.01 171,836,755.60

2,750.96 1,693.08 1,810.97 3,328.94 2,292.81

84,002.42 86,154.08 88,580.76 90,129.20 91,929.97
231,087,184.59 145,865,918.64 160,417,425.63 300,034,482.88 210,778,291.68
 18 19 20
0% 3% 0%
131,229.41 135,383.99 135,230.55
6,888.00 6,768.00 4,500.00
18,078,163.75 18,325,577.23 12,170,749.64
45,195,409.38 45,813,943.07 30,426,874.09
126,541,837.70 75,417,414.37 127,461,621.00

2,066.34 1,472.60 1,796.50

91,860.59 94,768.79 94,661.39
189,815,410.83 139,556,934.66 170,059,244.73
Empleado 3%
Empresa 7%
Diferencia Estado
Cobertura 100,000 personas
Max 600
Min 350
Crecimiento ¨-1 a 4% anual Distribuido uniformemente
Max 4
Min -1
Reclamos 70% de las personas presentan reclamos
Promedio $2,500 x empleado anuales
σ 400
Producto Interno bruto 22,500,000,000.00 1,800,000,000.00

* Proponga un modelo que permita determinar el valor presente de los pagos anuales que hay que hacer en el sistema, para l
salud.
* Supóngase que para que el escenario sea factible, el valor presente neto de la aportación del estado sea equivalente a no m
cual, para este año se estima en B/. 22.5 mil millones. Igualmente

* En caso de que no se cumpla con el requerimiento anterior, determine cuales son los parámetros más sensitivos para que se

Ingresos

1 2 3
3% 3%
Población 100,000.00 103,154.22 106,678.49
Salario 5,532.00 6,168.00 6,192.00
Aporte de empleados 2% 16,596,000.00 19,087,656.35 19,816,595.53
Aporte de la empresa 5% 38,724,000.00 44,537,864.81 46,238,722.90
Diferencia del Estado 188,132,138.52 188,440,369.02 110,633,024.65

Reclamos prom anual 3,477.89 3,490.83 2,366.10

70% de la población 70,000.00 72,207.95 74,674.94
Costo total 243,452,138.52 252,065,890.17 176,688,343.09

1 2,048,750,938.11 1,800,000,000.00 9.11%

2 2,048,750,938.11 1,800,000,000.00 9.11%
3 2,048,750,938.11 1,800,000,000.00 9.11%
4 2,048,750,938.11 1,800,000,000.00 9.11%
5 2,048,750,938.11 1,800,000,000.00 9.11%
6 2,048,750,938.11 1,800,000,000.00 9.11%
7 2,048,750,938.11 1,800,000,000.00 9.11%
8 2,048,750,938.11 1,800,000,000.00 9.11%
9 2,048,750,938.11 1,800,000,000.00 9.11%
10 2,048,750,938.11 1,800,000,000.00 9.11%
11 2,048,750,938.11 1,800,000,000.00 9.11%
12 2,048,750,938.11 1,800,000,000.00 9.11%
13 2,048,750,938.11 1,800,000,000.00 9.11%
14 2,048,750,938.11 1,800,000,000.00 9.11%
15 2,048,750,938.11 1,800,000,000.00 9.11%
16 2,048,750,938.11 1,800,000,000.00 9.11%
17 2,048,750,938.11 1,800,000,000.00 9.11%
18 2,048,750,938.11 1,800,000,000.00 9.11%
19 2,048,750,938.11 1,800,000,000.00 9.11%
20 2,048,750,938.11 1,800,000,000.00 9.11%
21 2,048,750,938.11 1,800,000,000.00 9.11%
22 2,048,750,938.11 1,800,000,000.00 9.11%
23 2,048,750,938.11 1,800,000,000.00 9.11%
24 2,048,750,938.11 1,800,000,000.00 9.11%
25 2,048,750,938.11 1,800,000,000.00 9.11%
26 2,048,750,938.11 1,800,000,000.00 9.11%
27 2,048,750,938.11 1,800,000,000.00 9.11%
28 2,048,750,938.11 1,800,000,000.00 9.11%
29 2,048,750,938.11 1,800,000,000.00 9.11%
30 2,048,750,938.11 1,800,000,000.00 9.11%
31 2,048,750,938.11 1,800,000,000.00 9.11%
32 2,048,750,938.11 1,800,000,000.00 9.11%
33 2,048,750,938.11 1,800,000,000.00 9.11%
34 2,048,750,938.11 1,800,000,000.00 9.11%
35 2,048,750,938.11 1,800,000,000.00 9.11%
36 2,048,750,938.11 1,800,000,000.00 9.11%
37 2,048,750,938.11 1,800,000,000.00 9.11%
38 2,048,750,938.11 1,800,000,000.00 9.11%
39 2,048,750,938.11 1,800,000,000.00 9.11%
40 2,048,750,938.11 1,800,000,000.00 9.11%
41 2,048,750,938.11 1,800,000,000.00 9.11%
42 2,048,750,938.11 1,800,000,000.00 9.11%
43 2,048,750,938.11 1,800,000,000.00 9.11%
44 2,048,750,938.11 1,800,000,000.00 9.11%
45 2,048,750,938.11 1,800,000,000.00 9.11%
46 2,048,750,938.11 1,800,000,000.00 9.11%
47 2,048,750,938.11 1,800,000,000.00 9.11%
48 2,048,750,938.11 1,800,000,000.00 9.11%
49 2,048,750,938.11 1,800,000,000.00 9.11%
50 2,048,750,938.11 1,800,000,000.00 9.11%
que hay que hacer en el sistema, para los diferentes participantes del sistema de

tación del estado sea equivalente a no más del 8% de PIB actual del país, el

s parámetros más sensitivos para que se cumpla ese requerimiento

4 5 6 7
0% 1% 4% 2%
107,000.78 108,064.42 111,992.28 114,743.47
6,144.00 6,780.00 6,168.00 5,676.00
19,722,383.24 21,980,303.96 20,723,050.98 19,538,517.97
46,018,894.22 51,287,375.90 48,353,785.61 45,589,875.26
80,095,796.60 156,075,894.43 40,595,411.72 229,169,366.50

1,947.08 3,031.84 1,398.98 3,664.05

74,900.54 75,645.10 78,394.59 80,320.43
145,837,074.05 229,343,574.30 109,672,248.31 294,297,759.73

8.00%
8.00%
8.00%
8.00%
8.00% 2,100,000,000.00
8.00% 2,050,000,000.00
8.00%
8.00% 2,000,000,000.00
8.00%
8.00% 1,950,000,000.00
8.00% 1,900,000,000.00
8.00%
VPN

8.00% 1,850,000,000.00 VPN

APORTE MAXIM
1,800,000,000.00 ESTADO
1,750,000,000.00
1,700,000,000.00
1,650,000,000.00
 2,000,000,000.00
1,950,000,000.00
1,900,000,000.00

VPN
1,850,000,000.00 VPN
8.00% APORTE MAXIM
1,800,000,000.00 ESTADO
8.00%
8.00% 1,750,000,000.00
8.00%
8.00% 1,700,000,000.00
8.00% 1,650,000,000.00
8.00%

13
19
25

39
45
1
2
3
4
5
6
7
8
9
10
11
12
14
15
16
17
18
20
21
22
23
24
26
27
28
29
30
31
32
33
34
35
36
37
38
40
41
42
43
44
46
47
48
49
50
8.00%
8.00% SIMULACION
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
12.00%
8.00%
8.00% 11.00%
8.00% 10.00%
8.00% 9.00%
8.00%
PORCENTAJE

8.00%
8.00%
8.00% 7.00% PORCENTAJE DE
8.00% 6.00% DEL ESTADO
8.00% APORTE MAXIMO
5.00%
8.00% ESTADO
8.00% 4.00%
8.00% 3.00%
8.00% 2.00%
8.00%
10

15
16
18
21
23
24
26
29
32
35
37
38
41
43
44

49
1
2
3
4
5
6
7
8
9
11
12
13
14
17
19
20
22
25
27
28
30
31
33
34
36
39
40
42
45
46
47
48
50
8.00%
8.00% SIMULACIONES
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
 8 9 10 11 12
1% 4% 3% 3% 3%
116,205.10 120,465.54 124,587.51 127,997.62 131,251.16
4,992.00 5,652.00 5,508.00 7,092.00 6,180.00
17,402,875.04 20,426,137.61 20,586,840.24 27,232,773.14 24,333,964.92
40,606,708.42 47,660,987.75 48,035,960.57 63,543,137.33 56,779,251.49
241,206,359.46 218,120,531.12 109,815,823.88 213,192,196.23 120,574,974.82

3,678.42 3,394.07 2,046.05 3,392.56 2,195.23

81,343.57 84,325.88 87,211.26 89,598.33 91,875.81
299,215,942.92 286,207,656.47 178,438,624.68 303,968,106.69 201,688,191.23

VPN
APORTE MAXIMO DEL
ESTADO
34 25
26
35
36 27
28
37 29
30
38
39 31
32
40 33
34
41
42 35
36
43 37
38
44
45 39
40
46 41
42
47
48 43
44
49 45
46
50 47
48
49
50
VPN

ESTADO
ESTADO

DEL ESTADO
APORTE MAXIMO DEL
APORTE MAXIMO DEL

PORCENTAJE DE APORTE
 13 14 15 16 17
2% 0% 0% 3% -1%
134,212.47 134,188.74 133,756.21 137,351.05 136,567.57
5,712.00 6,264.00 5,556.00 5,664.00 6,684.00
22,998,649.41 25,216,747.36 22,294,484.73 23,338,689.91 27,384,529.93
53,663,515.28 58,839,077.18 52,020,464.37 54,456,943.12 63,897,236.51
210,551,250.99 58,077,640.12 261,824,558.19 118,695,584.77 232,175,864.00

3,057.13 1,513.15 3,590.11 2,043.68 3,383.54

93,948.73 93,932.12 93,629.35 96,145.73 95,597.30
287,213,415.68 142,133,464.66 336,139,507.29 196,491,217.79 323,457,630.44
 18 19 20
0% 0% 0%
136,962.92 137,196.09 137,850.88
5,448.00 5,208.00 5,604.00
22,385,219.18 21,435,516.46 23,175,489.24
52,232,178.09 50,016,205.06 54,076,141.55
218,682,309.75 173,384,958.57 203,206,481.79

3,059.22 2,549.39 2,906.43

95,874.04 96,037.26 96,495.61
293,299,707.02 244,836,680.09 280,458,112.58
Empleado 4%
Empresa 8%
Diferencia Estado
Cobertura 100,000 personas
Max 600
Min 350
Crecimiento ¨-1 a 4% anual Distribuido uniformemente
Max 4
Min -1
Reclamos 70% de las personas presentan reclamos
Promedio $2,500 x empleado anuales
σ 400
Producto Interno bruto 22,500,000,000.00 1,800,000,000.00

* Proponga un modelo que permita determinar el valor presente de los pagos anuales que hay que hacer en el sistema, para l
salud.
* Supóngase que para que el escenario sea factible, el valor presente neto de la aportación del estado sea equivalente a no m
cual, para este año se estima en B/. 22.5 mil millones. Igualmente

* En caso de que no se cumpla con el requerimiento anterior, determine cuales son los parámetros más sensitivos para que se

Ingresos

1 2 3
4% 3%
Población 100,000.00 103,608.63 106,206.38
Salario 6,996.00 6,468.00 4,992.00
Aporte de empleados 2% 24,486,000.00 23,454,920.65 18,556,378.51
Aporte de la empresa 5% 55,968,000.00 53,611,247.21 42,414,579.46
Diferencia del Estado 108,657,017.46 160,800,146.42 70,176,355.97

Reclamos prom anual 2,701.59 3,279.74 1,764.05

70% de la población 70,000.00 72,526.04 74,344.47
Costo total 189,111,017.46 237,866,314.29 131,147,313.95

1 1,619,388,122.39 1,800,000,000.00 7.20%

2 1,619,388,122.39 1,800,000,000.00 7.20%
3 1,619,388,122.39 1,800,000,000.00 7.20%
4 1,619,388,122.39 1,800,000,000.00 7.20%
5 1,619,388,122.39 1,800,000,000.00 7.20%
6 1,619,388,122.39 1,800,000,000.00 7.20%
7 1,619,388,122.39 1,800,000,000.00 7.20%
8 1,619,388,122.39 1,800,000,000.00 7.20%
9 1,619,388,122.39 1,800,000,000.00 7.20%
10 1,619,388,122.39 1,800,000,000.00 7.20%
11 1,619,388,122.39 1,800,000,000.00 7.20%
12 1,619,388,122.39 1,800,000,000.00 7.20%
13 1,619,388,122.39 1,800,000,000.00 7.20%
14 1,619,388,122.39 1,800,000,000.00 7.20%
15 1,619,388,122.39 1,800,000,000.00 7.20%
16 1,619,388,122.39 1,800,000,000.00 7.20%
17 1,619,388,122.39 1,800,000,000.00 7.20%
18 1,619,388,122.39 1,800,000,000.00 7.20%
19 1,619,388,122.39 1,800,000,000.00 7.20%
20 1,619,388,122.39 1,800,000,000.00 7.20%
21 1,619,388,122.39 1,800,000,000.00 7.20%
22 1,619,388,122.39 1,800,000,000.00 7.20%
23 1,619,388,122.39 1,800,000,000.00 7.20%
24 1,619,388,122.39 1,800,000,000.00 7.20%
25 1,619,388,122.39 1,800,000,000.00 7.20%
26 1,619,388,122.39 1,800,000,000.00 7.20%
27 1,619,388,122.39 1,800,000,000.00 7.20%
28 1,619,388,122.39 1,800,000,000.00 7.20%
29 1,619,388,122.39 1,800,000,000.00 7.20%
30 1,619,388,122.39 1,800,000,000.00 7.20%
31 1,619,388,122.39 1,800,000,000.00 7.20%
32 1,619,388,122.39 1,800,000,000.00 7.20%
33 1,619,388,122.39 1,800,000,000.00 7.20%
34 1,619,388,122.39 1,800,000,000.00 7.20%
35 1,619,388,122.39 1,800,000,000.00 7.20%
36 1,619,388,122.39 1,800,000,000.00 7.20%
37 1,619,388,122.39 1,800,000,000.00 7.20%
38 1,619,388,122.39 1,800,000,000.00 7.20%
39 1,619,388,122.39 1,800,000,000.00 7.20%
40 1,619,388,122.39 1,800,000,000.00 7.20%
41 1,619,388,122.39 1,800,000,000.00 7.20%
42 1,619,388,122.39 1,800,000,000.00 7.20%
43 1,619,388,122.39 1,800,000,000.00 7.20%
44 1,619,388,122.39 1,800,000,000.00 7.20%
45 1,619,388,122.39 1,800,000,000.00 7.20%
46 1,619,388,122.39 1,800,000,000.00 7.20%
47 1,619,388,122.39 1,800,000,000.00 7.20%
48 1,619,388,122.39 1,800,000,000.00 7.20%
49 1,619,388,122.39 1,800,000,000.00 7.20%
50 1,619,388,122.39 1,800,000,000.00 7.20%
que hay que hacer en el sistema, para los diferentes participantes del sistema de

tación del estado sea equivalente a no más del 8% de PIB actual del país, el

s parámetros más sensitivos para que se cumpla ese requerimiento

4 5 6 7
0% 1% 1% 1%
106,505.13 107,527.85 108,617.18 109,741.31
5,796.00 4,284.00 6,960.00 6,768.00
21,605,630.11 16,122,725.71 26,459,145.03 25,995,520.42
49,384,297.39 36,851,944.47 60,478,045.78 59,418,332.40
44,119,391.61 113,028,568.73 149,641,979.98 88,372,040.44

1,543.98 2,205.45 3,111.57 2,262.28

74,553.59 75,269.49 76,032.03 76,818.91
115,109,319.10 166,003,238.91 236,579,170.78 173,785,893.26

8.00%
8.00%
8.00%
8.00%
8.00% 1,850,000,000.00
8.00%
8.00% 1,800,000,000.00
8.00%
8.00% 1,750,000,000.00
8.00%
8.00% 1,700,000,000.00
8.00%
VPN

8.00% 1,650,000,000.00 VPN

APORTE MAXIM
1,600,000,000.00 ESTADO

1,550,000,000.00

1,500,000,000.00
 1,750,000,000.00

1,700,000,000.00

VPN
1,650,000,000.00 VPN
8.00% APORTE MAXIM
8.00% 1,600,000,000.00 ESTADO
8.00%
8.00% 1,550,000,000.00
8.00%
8.00% 1,500,000,000.00
8.00%

13
19
25

39
45
1
2
3
4
5
6
7
8
9
10
11
12
14
15
16
17
18
20
21
22
23
24
26
27
28
29
30
31
32
33
34
35
36
37
38
40
41
42
43
44
46
47
48
49
50
8.00%
8.00% SIMULACION
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
12.00%
8.00%
8.00% 11.00%
8.00% 10.00%
8.00% 9.00%
8.00%
PORCENTAJE

8.00%
8.00%
8.00% 7.00% PORCENTAJE DE
8.00% 6.00% DEL ESTADO
8.00% APORTE MAXIMO
5.00%
8.00% ESTADO
8.00% 4.00%
8.00% 3.00%
8.00% 2.00%
8.00%
10

15
16
18
21
23
24
26
29
32
35
37
38
41
43
44

49
1
2
3
4
5
6
7
8
9
11
12
13
14
17
19
20
22
25
27
28
30
31
33
34
36
39
40
42
45
46
47
48
50
8.00%
8.00% SIMULACIONES
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
 8 9 10 11 12
3% 2% 3% 3% 1%
113,445.77 116,079.54 119,572.14 122,938.38 124,167.46
6,708.00 6,492.00 4,584.00 5,796.00 5,820.00
26,634,796.85 26,375,592.71 19,184,153.59 24,939,280.63 25,292,912.44
60,879,535.65 60,287,069.05 43,849,493.93 57,004,070.00 57,812,371.29
87,048,868.45 211,133,850.77 92,968,310.74 157,672,698.93 204,638,616.35

2,198.20 3,664.93 1,863.81 2,784.39 3,310.55

79,412.04 81,255.68 83,700.50 86,056.87 86,917.22
174,563,200.94 297,796,512.53 156,001,958.27 239,616,049.56 287,743,900.07

VPN
APORTE MAXIMO DEL
ESTADO
34 25
26
35
36 27
28
37 29
30
38
39 31
32
40 33
34
41
42 35
36
43 37
38
44
45 39
40
46 41
42
47
48 43
44
49 45
46
50 47
48
49
50
VPN

ESTADO
ESTADO

DEL ESTADO
APORTE MAXIMO DEL
APORTE MAXIMO DEL

PORCENTAJE DE APORTE
 13 14 15 16 17
1% -1% 4% 0% 3%
125,884.55 125,113.72 129,961.17 130,040.62 133,636.22
5,472.00 6,216.00 6,864.00 6,708.00 4,752.00
24,109,408.92 27,219,739.92 31,221,872.66 30,530,937.53 22,226,375.69
55,107,220.39 62,216,548.39 71,364,280.37 69,785,000.07 50,803,144.43
126,596,264.07 202,166,882.23 29,803,259.92 184,422,105.12 156,329,206.56

2,335.62 3,329.58 1,455.26 3,128.01 2,451.85

88,119.18 87,579.60 90,972.82 91,028.44 93,545.35
205,812,893.38 291,603,170.54 132,389,412.96 284,738,042.73 229,358,726.68
 18 19 20
1% 2% -1%
135,201.40 137,752.35 136,939.19
4,692.00 4,608.00 4,656.00
22,202,774.51 22,216,699.49 22,315,610.45
50,749,198.89 50,781,027.41 51,007,109.60
102,722,561.17 205,003,737.45 243,556,521.69

1,856.22 2,883.04 3,305.73

94,640.98 96,426.65 95,857.43
175,674,534.57 278,001,464.35 316,879,241.74
Empleado 4%
Empresa 10%
Diferencia Estado
Cobertura 100,000 personas
Max 600
Min 350
Crecimiento ¨-1 a 4% anual Distribuido uniformemente
Max 4
Min -1
Reclamos 70% de las personas presentan reclamos
Promedio $2,500 x empleado anuales
σ 400
Producto Interno bruto 22,500,000,000.00 1,800,000,000.00

* Proponga un modelo que permita determinar el valor presente de los pagos anuales que hay que hacer en el sistema, para l
salud.
* Supóngase que para que el escenario sea factible, el valor presente neto de la aportación del estado sea equivalente a no m
cual, para este año se estima en B/. 22.5 mil millones. Igualmente

* En caso de que no se cumpla con el requerimiento anterior, determine cuales son los parámetros más sensitivos para que se

Ingresos

1 2 3
1% 1%
Población 100,000.00 100,887.56 101,850.37
Salario 6,780.00 5,784.00 6,168.00
Aporte de empleados 2% 27,120,000.00 23,341,346.11 25,128,522.79
Aporte de la empresa 5% 67,800,000.00 58,353,365.28 62,821,306.99
Diferencia del Estado 70,488,643.71 123,210,550.31 106,411,106.49

Reclamos prom anual 2,362.98 2,901.47 2,726.14

70% de la población 70,000.00 70,621.29 71,295.26
Costo total 165,408,643.71 204,905,261.71 194,360,936.27

1 1,533,236,207.42 1,800,000,000.00 6.81%

2 1,533,236,207.42 1,800,000,000.00 6.81%
3 1,533,236,207.42 1,800,000,000.00 6.81%
4 1,533,236,207.42 1,800,000,000.00 6.81%
5 1,533,236,207.42 1,800,000,000.00 6.81%
6 1,533,236,207.42 1,800,000,000.00 6.81%
7 1,533,236,207.42 1,800,000,000.00 6.81%
8 1,533,236,207.42 1,800,000,000.00 6.81%
9 1,533,236,207.42 1,800,000,000.00 6.81%
10 1,533,236,207.42 1,800,000,000.00 6.81%
11 1,533,236,207.42 1,800,000,000.00 6.81%
12 1,533,236,207.42 1,800,000,000.00 6.81%
13 1,533,236,207.42 1,800,000,000.00 6.81%
14 1,533,236,207.42 1,800,000,000.00 6.81%
15 1,533,236,207.42 1,800,000,000.00 6.81%
16 1,533,236,207.42 1,800,000,000.00 6.81%
17 1,533,236,207.42 1,800,000,000.00 6.81%
18 1,533,236,207.42 1,800,000,000.00 6.81%
19 1,533,236,207.42 1,800,000,000.00 6.81%
20 1,533,236,207.42 1,800,000,000.00 6.81%
21 1,533,236,207.42 1,800,000,000.00 6.81%
22 1,533,236,207.42 1,800,000,000.00 6.81%
23 1,533,236,207.42 1,800,000,000.00 6.81%
24 1,533,236,207.42 1,800,000,000.00 6.81%
25 1,533,236,207.42 1,800,000,000.00 6.81%
26 1,533,236,207.42 1,800,000,000.00 6.81%
27 1,533,236,207.42 1,800,000,000.00 6.81%
28 1,533,236,207.42 1,800,000,000.00 6.81%
29 1,533,236,207.42 1,800,000,000.00 6.81%
30 1,533,236,207.42 1,800,000,000.00 6.81%
31 1,533,236,207.42 1,800,000,000.00 6.81%
32 1,533,236,207.42 1,800,000,000.00 6.81%
33 1,533,236,207.42 1,800,000,000.00 6.81%
34 1,533,236,207.42 1,800,000,000.00 6.81%
35 1,533,236,207.42 1,800,000,000.00 6.81%
36 1,533,236,207.42 1,800,000,000.00 6.81%
37 1,533,236,207.42 1,800,000,000.00 6.81%
38 1,533,236,207.42 1,800,000,000.00 6.81%
39 1,533,236,207.42 1,800,000,000.00 6.81%
40 1,533,236,207.42 1,800,000,000.00 6.81%
41 1,533,236,207.42 1,800,000,000.00 6.81%
42 1,533,236,207.42 1,800,000,000.00 6.81%
43 1,533,236,207.42 1,800,000,000.00 6.81%
44 1,533,236,207.42 1,800,000,000.00 6.81%
45 1,533,236,207.42 1,800,000,000.00 6.81%
46 1,533,236,207.42 1,800,000,000.00 6.81%
47 1,533,236,207.42 1,800,000,000.00 6.81%
48 1,533,236,207.42 1,800,000,000.00 6.81%
49 1,533,236,207.42 1,800,000,000.00 6.81%
50 1,533,236,207.42 1,800,000,000.00 6.81%
que hay que hacer en el sistema, para los diferentes participantes del sistema de

tación del estado sea equivalente a no más del 8% de PIB actual del país, el

s parámetros más sensitivos para que se cumpla ese requerimiento

4 5 6 7
3% 0% 0% 1%
104,476.83 104,824.43 104,962.04 106,294.54
4,260.00 4,896.00 7,176.00 6,444.00
17,802,852.53 20,528,815.72 30,128,304.62 27,398,480.99
44,507,131.33 51,322,039.30 75,320,761.54 68,496,202.48
126,607,196.20 123,843,620.33 121,629,420.06 155,606,963.73

2,583.17 2,666.97 3,090.62 3,380.12

73,133.78 73,377.10 73,473.43 74,406.18
188,917,180.06 195,694,475.36 227,078,486.22 251,501,647.20

8.00%
8.00%
8.00%
8.00% 1,850,000,000.00
8.00%
8.00% 1,800,000,000.00
8.00% 1,750,000,000.00
8.00%
8.00% 1,700,000,000.00
8.00% 1,650,000,000.00
8.00%
8.00% 1,600,000,000.00
VPN

8.00% 1,550,000,000.00 VPN

APORTE MAXIM
1,500,000,000.00 ESTADO
1,450,000,000.00
1,400,000,000.00
1,350,000,000.00
3
9
5

9
5
1
2
3
4
5
6
7
8
9
0
1
2
4
5
6
7
8
0
1
2
3
4
6
7
8
9
0
1
2
3
4
5
6
7
8
0
1
2
3
4
6
7
8
9
0
 1,700,000,000.00
1,650,000,000.00
1,600,000,000.00

VPN
1,550,000,000.00 VPN
8.00% APORTE MAXIM
1,500,000,000.00 ESTADO
8.00%
8.00% 1,450,000,000.00
8.00%
1,400,000,000.00
8.00%
8.00% 1,350,000,000.00

13
19
25

39
45
1
2
3
4
5
6
7
8
9
10
11
12
14
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16
17
18
20
21
22
23
24
26
27
28
29
30
31
32
33
34
35
36
37
38
40
41
42
43
44
46
47
48
49
50
8.00%
8.00%
8.00% SIMULACION
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
12.00%
8.00%
8.00% 11.00%
8.00% 10.00%
8.00% 9.00%
8.00%
PORCENTAJE

8.00%
8.00%
8.00% 7.00% PORCENTAJE DE
8.00% 6.00% DEL ESTADO
8.00% APORTE MAXIMO
5.00%
8.00% ESTADO
8.00% 4.00%
8.00% 3.00%
8.00% 2.00%
8.00%
10

15
16
18
21
23
24
26
29
32
35
37
38
41
43
44

49
1
2
3
4
5
6
7
8
9
11
12
13
14
17
19
20
22
25
27
28
30
31
33
34
36
39
40
42
45
46
47
48
50
8.00%
8.00% SIMULACIONES
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
 8 9 10 11 12
2% 1% 2% -1% 0%
108,701.99 109,525.59 112,085.53 111,116.28 110,681.42
6,984.00 4,476.00 4,896.00 4,644.00 6,456.00
30,366,988.01 19,609,461.25 21,950,830.52 20,640,960.42 28,582,368.67
75,917,470.03 49,023,653.13 54,877,076.30 51,602,401.05 71,455,921.68
127,052,503.95 210,612,089.65 44,052,278.01 79,765,637.73 152,277,106.89

3,066.54 3,642.27 1,540.66 1,954.31 3,256.65

76,091.39 76,667.91 78,459.87 77,781.40 77,476.99
233,336,961.99 279,245,204.03 120,880,184.84 152,008,999.21 252,315,397.25

VPN
APORTE MAXIMO DEL
ESTADO
5

9
5
6
7
8
9
0
1
2
3
4
5
6
7
8
0
1
2
3
4
6
7
8
9
0
34 25
26
35
36 27
28
37 29
30
38
39 31
32
40 33
34
41
42 35
36
43 37
38
44
45 39
40
46 41
42
47
48 43
44
49 45
46
50 47
48
49
50
VPN

ESTADO
ESTADO

DEL ESTADO
APORTE MAXIMO DEL
APORTE MAXIMO DEL

PORCENTAJE DE APORTE
 13 14 15 16 17
2% 0% 0% 2% 2%
112,573.60 112,018.09 112,500.07 114,406.83 116,797.64
4,668.00 5,196.00 6,816.00 4,896.00 7,020.00
21,019,743.13 23,281,840.03 30,672,020.12 22,405,433.48 32,796,778.29
52,549,357.84 58,204,600.07 76,680,050.30 56,013,583.71 81,991,945.73
195,221,957.13 161,400,160.95 115,726,640.05 167,093,398.50 151,085,609.66

3,410.99 3,097.54 2,832.74 3,065.66 3,251.95

78,801.52 78,412.66 78,750.05 80,084.78 81,758.35
268,791,058.10 242,886,601.06 223,078,710.47 245,512,415.70 265,874,333.68
 18 19 20
1% 1% 3%
117,444.05 118,069.81 122,148.89
4,884.00 4,860.00 6,432.00
22,943,869.95 22,952,770.14 31,426,465.89
57,359,674.86 57,381,925.35 78,566,164.72
128,459,523.18 33,748,733.88 78,903,335.21

2,539.36 1,380.34 2,209.20

82,210.84 82,648.86 85,504.22
208,763,067.99 114,083,429.37 188,895,965.81
Empleado 3%
Empresa 5%
Diferencia Estado
Cobertura 100,000 personas
Max 600.00
Min 350.00
Crecimiento ¨-1 a 4% anual Distribuido uniformemente
Max 4
Min -1
Reclamos 70% de las personas presentan reclamos
Promedio $2,500 x empleado anuales
σ 400
Producto Interno bruto 22,500,000,000.00 1,800,000,000.00

* Proponga un modelo que permita determinar el valor presente de los pagos anuales que hay que hacer en el sistema, para l
salud.
* Supóngase que para que el escenario sea factible, el valor presente neto de la aportación del estado sea equivalente a no m
cual, para este año se estima en B/. 22.5 mil millones. Igualmente

* En caso de que no se cumpla con el requerimiento anterior, determine cuales son los parámetros más sensitivos para que se

Ingresos

1 2 3
2% 3%
Población 100,000.00 101,605.32 104,232.87
Salario 6,996.00 5,628.00 5,112.00
Aporte de empleados 2% 20,988,000.00 17,155,041.68 15,985,153.52
Aporte de la empresa 5% 34,980,000.00 28,591,736.13 26,641,922.53
Diferencia del Estado 58,265,760.86 111,552,031.95 133,447,483.33

Reclamos prom anual 1,631.91 2,211.62 2,413.20

70% de la población 70,000.00 71,123.72 72,963.01
Costo total 114,233,760.86 157,298,809.76 176,074,559.38

1 1,936,535,959.62 1,800,000,000.00 8.61%

2 1,936,535,959.62 1,800,000,000.00 8.61%
3 1,936,535,959.62 1,800,000,000.00 8.61%
4 1,936,535,959.62 1,800,000,000.00 8.61%
5 1,936,535,959.62 1,800,000,000.00 8.61%
6 1,936,535,959.62 1,800,000,000.00 8.61%
7 1,936,535,959.62 1,800,000,000.00 8.61%
8 1,936,535,959.62 1,800,000,000.00 8.61%
9 1,936,535,959.62 1,800,000,000.00 8.61%
10 1,936,535,959.62 1,800,000,000.00 8.61%
11 1,936,535,959.62 1,800,000,000.00 8.61%
12 1,936,535,959.62 1,800,000,000.00 8.61%
13 1,936,535,959.62 1,800,000,000.00 8.61%
14 1,936,535,959.62 1,800,000,000.00 8.61%
15 1,936,535,959.62 1,800,000,000.00 8.61%
16 1,936,535,959.62 1,800,000,000.00 8.61%
17 1,936,535,959.62 1,800,000,000.00 8.61%
18 1,936,535,959.62 1,800,000,000.00 8.61%
19 1,936,535,959.62 1,800,000,000.00 8.61%
20 1,936,535,959.62 1,800,000,000.00 8.61%
21 1,936,535,959.62 1,800,000,000.00 8.61%
22 1,936,535,959.62 1,800,000,000.00 8.61%
23 1,936,535,959.62 1,800,000,000.00 8.61%
24 1,936,535,959.62 1,800,000,000.00 8.61%
25 1,936,535,959.62 1,800,000,000.00 8.61%
26 1,936,535,959.62 1,800,000,000.00 8.61%
27 1,936,535,959.62 1,800,000,000.00 8.61%
28 1,936,535,959.62 1,800,000,000.00 8.61%
29 1,936,535,959.62 1,800,000,000.00 8.61%
30 1,936,535,959.62 1,800,000,000.00 8.61%
31 1,936,535,959.62 1,800,000,000.00 8.61%
32 1,936,535,959.62 1,800,000,000.00 8.61%
33 1,936,535,959.62 1,800,000,000.00 8.61%
34 1,936,535,959.62 1,800,000,000.00 8.61%
35 1,936,535,959.62 1,800,000,000.00 8.61%
36 1,936,535,959.62 1,800,000,000.00 8.61%
37 1,936,535,959.62 1,800,000,000.00 8.61%
38 1,936,535,959.62 1,800,000,000.00 8.61%
39 1,936,535,959.62 1,800,000,000.00 8.61%
40 1,936,535,959.62 1,800,000,000.00 8.61%
41 1,936,535,959.62 1,800,000,000.00 8.61%
42 1,936,535,959.62 1,800,000,000.00 8.61%
43 1,936,535,959.62 1,800,000,000.00 8.61%
44 1,936,535,959.62 1,800,000,000.00 8.61%
45 1,936,535,959.62 1,800,000,000.00 8.61%
46 1,936,535,959.62 1,800,000,000.00 8.61%
47 1,936,535,959.62 1,800,000,000.00 8.61%
48 1,936,535,959.62 1,800,000,000.00 8.61%
49 1,936,535,959.62 1,800,000,000.00 8.61%
50 1,936,535,959.62 1,800,000,000.00 8.61%
que hay que hacer en el sistema, para los diferentes participantes del sistema de

tación del estado sea equivalente a no más del 8% de PIB actual del país, el

s parámetros más sensitivos para que se cumpla ese requerimiento

4 5 6 7
2% 3% 0% 4%
105,878.50 108,990.09 108,922.43 112,760.71
4,620.00 6,792.00 6,024.00 7,140.00
14,674,760.03 22,207,821.11 19,684,461.69 24,153,343.90
24,457,933.39 37,013,035.18 32,807,436.15 40,255,573.16
115,879,882.52 184,431,592.03 154,403,455.00 127,643,949.50

2,091.52 3,193.64 2,713.53 2,433.13

74,114.95 76,293.06 76,245.70 78,932.50
155,012,575.94 243,652,448.31 206,895,352.84 192,052,866.57

8.00%
8.00%
8.00%
8.00%
8.00% 1,950,000,000.00
8.00%
8.00%
8.00% 1,900,000,000.00
8.00%
8.00%
8.00% 1,850,000,000.00
8.00%
VPN

8.00% VPN
1,800,000,000.00 APORTE MAXIM
ESTADO
1,750,000,000.00

1,700,000,000.00
 1,850,000,000.00

VPN
VPN
1,800,000,000.00 APORTE MAXIM
8.00%
8.00% ESTADO
8.00%
1,750,000,000.00
8.00%
8.00%
8.00% 1,700,000,000.00
8.00%

13
19
25

39
45
1
2
3
4
5
6
7
8
9
10
11
12
14
15
16
17
18
20
21
22
23
24
26
27
28
29
30
31
32
33
34
35
36
37
38
40
41
42
43
44
46
47
48
49
50
8.00%
8.00% SIMULACION
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
12.00%
8.00%
8.00% 11.00%
8.00% 10.00%
8.00% 9.00%
8.00%
PORCENTAJE

8.00%
8.00%
8.00% 7.00% PORCENTAJE DE
8.00% 6.00% DEL ESTADO
8.00% APORTE MAXIMO
5.00%
8.00% ESTADO
8.00% 4.00%
8.00% 3.00%
8.00% 2.00%
8.00%
10

15
16
18
21
23
24
26
29
32
35
37
38
41
43
44

49
1
2
3
4
5
6
7
8
9
11
12
13
14
17
19
20
22
25
27
28
30
31
33
34
36
39
40
42
45
46
47
48
50
8.00%
8.00% SIMULACIONES
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
 8 9 10 11 12
0% 0% 3% 0% 1%
112,659.41 112,182.06 115,278.90 115,104.44 116,251.87
4,440.00 5,832.00 6,360.00 6,588.00 4,956.00
15,006,233.43 19,627,373.92 21,995,213.32 22,749,240.79 17,284,328.07
25,010,389.05 32,712,289.87 36,658,688.86 37,915,401.32 28,807,213.45
229,838,430.14 186,763,623.17 54,340,735.88 158,658,991.48 177,962,298.28

3,421.88 3,044.84 1,400.26 2,722.05 2,753.31

78,861.59 78,527.44 80,695.23 80,573.11 81,376.31
269,855,052.63 239,103,286.96 112,994,638.06 219,323,633.60 224,053,839.80

VPN
APORTE MAXIMO DEL
ESTADO
34 25
26
35
36 27
28
37 29
30
38
39 31
32
40 33
34
41
42 35
36
43 37
38
44
45 39
40
46 41
42
47
48 43
44
49 45
46
50 47
48
49
50
VPN

ESTADO
ESTADO

DEL ESTADO
APORTE MAXIMO DEL
APORTE MAXIMO DEL

PORCENTAJE DE APORTE
 13 14 15 16 17
2% 0% -1% 2% 3%
118,253.59 118,832.63 117,987.01 120,175.67 124,108.32
6,228.00 5,388.00 5,136.00 5,784.00 4,908.00
22,094,501.04 19,208,107.09 18,179,438.05 20,852,882.44 18,273,708.87
36,824,168.41 32,013,511.82 30,299,063.41 34,754,804.06 30,456,181.45
226,581,674.37 57,330,066.61 248,214,180.84 152,315,760.98 232,657,628.45

3,449.01 1,304.98 3,592.32 2,471.66 3,238.96

82,777.51 83,182.84 82,590.90 84,122.97 86,875.82
285,500,343.81 108,551,685.52 296,692,682.29 207,923,447.48 281,387,518.76
 18 19 20
0% -1% 4%
124,323.02 123,266.40 127,641.76
5,424.00 4,920.00 6,084.00
20,229,842.05 18,194,119.95 23,297,174.48
33,716,403.42 30,323,533.26 38,828,624.14
207,392,692.64 266,541,889.89 228,675,689.03

3,002.99 3,651.32 3,254.66

87,026.12 86,286.48 89,349.23
261,338,938.12 315,059,543.10 290,801,487.64
Empleado 4%
Empresa 7%
Diferencia Estado
Cobertura 100,000 personas
Max 630.00
Min 367.50
Crecimiento ¨-1 a 4% anual Distribuido uniformemente
Max 4
Min -1
Reclamos 70% de las personas presentan reclamos
Promedio $2,500 x empleado anuales
σ 400
Producto Interno bruto 22,500,000,000.00 1,800,000,000.00

* Proponga un modelo que permita determinar el valor presente de los pagos anuales que hay que hacer en el sistema, para l
salud.
* Supóngase que para que el escenario sea factible, el valor presente neto de la aportación del estado sea equivalente a no m
cual, para este año se estima en B/. 22.5 mil millones. Igualmente

* En caso de que no se cumpla con el requerimiento anterior, determine cuales son los parámetros más sensitivos para que se

Ingresos

1 2 3
4% 0%
Población 100,000.00 103,843.80 104,174.90
Salario 4,860.00 6,552.00 5,424.00
Aporte de empleados 2% 19,440,000.00 27,215,382.57 22,601,785.43
Aporte de la empresa 5% 34,020,000.00 47,626,919.49 39,553,124.51
Diferencia del Estado 199,490,590.33 145,816,929.22 73,133,485.33

Reclamos prom anual 3,613.58 3,035.59 1,855.24

70% de la población 70,000.00 72,690.66 72,922.43
Costo total 252,950,590.33 220,659,231.27 135,288,395.27

1 1,807,575,106.97 1,800,000,000.00 8.03%

2 1,807,575,106.97 1,800,000,000.00 8.03%
3 1,807,575,106.97 1,800,000,000.00 8.03%
4 1,807,575,106.97 1,800,000,000.00 8.03%
5 1,807,575,106.97 1,800,000,000.00 8.03%
6 1,807,575,106.97 1,800,000,000.00 8.03%
7 1,807,575,106.97 1,800,000,000.00 8.03%
8 1,807,575,106.97 1,800,000,000.00 8.03%
9 1,807,575,106.97 1,800,000,000.00 8.03%
10 1,807,575,106.97 1,800,000,000.00 8.03%
11 1,807,575,106.97 1,800,000,000.00 8.03%
12 1,807,575,106.97 1,800,000,000.00 8.03%
13 1,807,575,106.97 1,800,000,000.00 8.03%
14 1,807,575,106.97 1,800,000,000.00 8.03%
15 1,807,575,106.97 1,800,000,000.00 8.03%
16 1,807,575,106.97 1,800,000,000.00 8.03%
17 1,807,575,106.97 1,800,000,000.00 8.03%
18 1,807,575,106.97 1,800,000,000.00 8.03%
19 1,807,575,106.97 1,800,000,000.00 8.03%
20 1,807,575,106.97 1,800,000,000.00 8.03%
21 1,807,575,106.97 1,800,000,000.00 8.03%
22 1,807,575,106.97 1,800,000,000.00 8.03%
23 1,807,575,106.97 1,800,000,000.00 8.03%
24 1,807,575,106.97 1,800,000,000.00 8.03%
25 1,807,575,106.97 1,800,000,000.00 8.03%
26 1,807,575,106.97 1,800,000,000.00 8.03%
27 1,807,575,106.97 1,800,000,000.00 8.03%
28 1,807,575,106.97 1,800,000,000.00 8.03%
29 1,807,575,106.97 1,800,000,000.00 8.03%
30 1,807,575,106.97 1,800,000,000.00 8.03%
31 1,807,575,106.97 1,800,000,000.00 8.03%
32 1,807,575,106.97 1,800,000,000.00 8.03%
33 1,807,575,106.97 1,800,000,000.00 8.03%
34 1,807,575,106.97 1,800,000,000.00 8.03%
35 1,807,575,106.97 1,800,000,000.00 8.03%
36 1,807,575,106.97 1,800,000,000.00 8.03%
37 1,807,575,106.97 1,800,000,000.00 8.03%
38 1,807,575,106.97 1,800,000,000.00 8.03%
39 1,807,575,106.97 1,800,000,000.00 8.03%
40 1,807,575,106.97 1,800,000,000.00 8.03%
41 1,807,575,106.97 1,800,000,000.00 8.03%
42 1,807,575,106.97 1,800,000,000.00 8.03%
43 1,807,575,106.97 1,800,000,000.00 8.03%
44 1,807,575,106.97 1,800,000,000.00 8.03%
45 1,807,575,106.97 1,800,000,000.00 8.03%
46 1,807,575,106.97 1,800,000,000.00 8.03%
47 1,807,575,106.97 1,800,000,000.00 8.03%
48 1,807,575,106.97 1,800,000,000.00 8.03%
49 1,807,575,106.97 1,800,000,000.00 8.03%
50 1,807,575,106.97 1,800,000,000.00 8.03%
que hay que hacer en el sistema, para los diferentes participantes del sistema de

tación del estado sea equivalente a no más del 8% de PIB actual del país, el

s parámetros más sensitivos para que se cumpla ese requerimiento

4 5 6 7
-1% 3% 0% 2%
103,370.33 106,644.00 106,205.96 108,372.26
6,564.00 6,660.00 7,200.00 6,984.00
27,140,914.12 28,409,961.50 30,587,315.25 30,274,875.33
47,496,599.71 49,717,432.63 53,527,801.69 52,981,031.83
170,373,179.34 191,604,918.62 52,442,009.21 195,796,050.39

3,386.03 3,613.25 1,836.82 3,678.48

72,359.23 74,650.80 74,344.17 75,860.58
245,010,693.16 269,732,312.74 136,557,126.15 279,051,957.56

8.00%
8.00%
8.00%
8.00%
8.00% 1,810,000,000.00
8.00%
8.00% 1,808,000,000.00
8.00%
8.00%
8.00% 1,806,000,000.00
8.00%
8.00% 1,804,000,000.00
8.00% VPN
APORTE MAXIM
1,802,000,000.00 ESTADO

1,800,000,000.00

1,798,000,000.00
 1,806,000,000.00

1,804,000,000.00
VPN
8.00% APORTE MAXIM
1,802,000,000.00 ESTADO
8.00%
8.00%
8.00% 1,800,000,000.00
8.00%
8.00% 1,798,000,000.00
8.00%
8.00%
8.00% 1,796,000,000.00

11
12
16
20
1
2
3
4
5
6
7
8
9
10
13
14
15
17
18
19
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
12.00%
8.00%
8.00% 11.00%
8.00%
10.00%
8.00%
8.00% 9.00%
8.00%
8.00%
8.00% PORCENTAJE DE
8.00% 7.00% DEL ESTADO
8.00% APORTE MAXIMO
6.00%
8.00% ESTADO
8.00% 5.00%
8.00%
4.00%
8.00%
8.00% 3.00%
8.00%
8.00% 2.00%
10
13
14
16
19
20
22
24
26
28
30
32
34
36
38
39
41
43

47
49
50
1
2
3
4
5
6
7
8
9
11
12
15
17
18
21
23
25
27
29
31
33
35
37
40
42
44
45
46
8.00% 48
8.00%
8.00%
8.00%
8.00%
8.00%
 8 9 10 11 12
3% 1% 2% 3% 0%
111,680.79 112,801.68 115,214.09 118,967.67 118,724.61
5,892.00 5,004.00 6,840.00 6,324.00 6,648.00
26,320,929.14 22,578,383.38 31,522,574.90 30,094,060.66 31,571,247.90
46,061,625.99 39,512,170.92 55,164,506.08 52,664,606.15 55,249,683.83
131,791,982.98 136,035,523.06 50,241,462.19 69,023,469.98 99,664,055.41

2,611.71 2,509.16 1,697.81 1,822.61 2,243.91

78,176.55 78,961.17 80,649.86 83,277.37 83,107.23
204,174,538.11 198,126,077.36 136,928,543.16 151,782,136.80 186,484,987.14

VPN
APORTE MAXIMO DEL
ESTADO
 VPN
APORTE MAXIMO DEL
ESTADO
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50

PORCENTAJE DE APORTE
DEL ESTADO
APORTE MAXIMO DEL
ESTADO
36
38
39
41
43

47
49
50
37
40
42
44
45
46
48
 13 14 15 16 17
4% 4% -1% 3% 0%
123,142.28 127,498.98 126,529.12 130,722.47 130,655.29
4,548.00 5,316.00 4,836.00 5,352.00 5,892.00
22,402,042.81 27,111,382.29 24,475,793.00 27,985,065.35 30,792,839.83
39,203,574.91 47,444,919.00 42,832,637.75 48,973,864.37 53,887,469.70
245,045,830.98 180,045,308.76 214,740,733.26 84,845,818.56 203,415,737.51

3,557.46 2,852.70 3,184.46 1,768.25 3,150.01

86,199.59 89,249.28 88,570.38 91,505.73 91,458.71
306,651,448.70 254,601,610.05 282,049,164.00 161,804,748.29 288,096,047.04
 18 19 20
0% 1% 3%
130,012.47 131,265.97 134,656.73
6,468.00 5,460.00 4,416.00
33,636,825.53 28,668,487.55 23,785,764.23
58,864,444.68 50,169,853.22 41,625,087.40
165,157,628.35 229,760,635.21 102,504,524.99

2,831.14 3,358.49 1,781.41

91,008.73 91,886.18 94,259.71
257,658,898.56 308,598,975.99 167,915,376.61
Empleado 5%
Empresa 9%
Diferencia Estado
Cobertura 100,000 personas
Max 661.50
Min 385.88
Crecimiento ¨-1 a 4% anual Distribuido uniformemente
Max 4
Min -1
Reclamos 70% de las personas presentan reclamos
Promedio $2,500 x empleado anuales
σ 400
Producto Interno bruto 22,500,000,000.00 1,800,000,000.00

* Proponga un modelo que permita determinar el valor presente de los pagos anuales que hay que hacer en el sistema, para l
salud.
* Supóngase que para que el escenario sea factible, el valor presente neto de la aportación del estado sea equivalente a no m
cual, para este año se estima en B/. 22.5 mil millones. Igualmente

* En caso de que no se cumpla con el requerimiento anterior, determine cuales son los parámetros más sensitivos para que se

Ingresos

1 2 3
2% 0%
Población 100,000.00 102,461.18 102,507.52
Salario 5,304.00 4,932.00 5,328.00
Aporte de empleados 2% 26,520,000.00 25,266,927.24 27,308,003.15
Aporte de la empresa 5% 47,736,000.00 45,480,469.03 49,154,405.67
Diferencia del Estado 69,990,955.54 28,902,192.57 132,689,987.41

Reclamos prom anual 2,060.67 1,389.37 2,914.80

70% de la población 70,000.00 71,722.83 71,755.26
Costo total 144,246,955.54 99,649,588.84 209,152,396.22

1 1,364,940,646.81 1,800,000,000.00 6.07%

2 1,364,940,646.81 1,800,000,000.00 6.07%
3 1,364,940,646.81 1,800,000,000.00 6.07%
4 1,364,940,646.81 1,800,000,000.00 6.07%
5 1,364,940,646.81 1,800,000,000.00 6.07%
6 1,364,940,646.81 1,800,000,000.00 6.07%
7 1,364,940,646.81 1,800,000,000.00 6.07%
8 1,364,940,646.81 1,800,000,000.00 6.07%
9 1,364,940,646.81 1,800,000,000.00 6.07%
10 1,364,940,646.81 1,800,000,000.00 6.07%
11 1,364,940,646.81 1,800,000,000.00 6.07%
12 1,364,940,646.81 1,800,000,000.00 6.07%
13 1,364,940,646.81 1,800,000,000.00 6.07%
14 1,364,940,646.81 1,800,000,000.00 6.07%
15 1,364,940,646.81 1,800,000,000.00 6.07%
16 1,364,940,646.81 1,800,000,000.00 6.07%
17 1,364,940,646.81 1,800,000,000.00 6.07%
18 1,364,940,646.81 1,800,000,000.00 6.07%
19 1,364,940,646.81 1,800,000,000.00 6.07%
20 1,364,940,646.81 1,800,000,000.00 6.07%
21 1,364,940,646.81 1,800,000,000.00 6.07%
22 1,364,940,646.81 1,800,000,000.00 6.07%
23 1,364,940,646.81 1,800,000,000.00 6.07%
24 1,364,940,646.81 1,800,000,000.00 6.07%
25 1,364,940,646.81 1,800,000,000.00 6.07%
26 1,364,940,646.81 1,800,000,000.00 6.07%
27 1,364,940,646.81 1,800,000,000.00 6.07%
28 1,364,940,646.81 1,800,000,000.00 6.07%
29 1,364,940,646.81 1,800,000,000.00 6.07%
30 1,364,940,646.81 1,800,000,000.00 6.07%
31 1,364,940,646.81 1,800,000,000.00 6.07%
32 1,364,940,646.81 1,800,000,000.00 6.07%
33 1,364,940,646.81 1,800,000,000.00 6.07%
34 1,364,940,646.81 1,800,000,000.00 6.07%
35 1,364,940,646.81 1,800,000,000.00 6.07%
36 1,364,940,646.81 1,800,000,000.00 6.07%
37 1,364,940,646.81 1,800,000,000.00 6.07%
38 1,364,940,646.81 1,800,000,000.00 6.07%
39 1,364,940,646.81 1,800,000,000.00 6.07%
40 1,364,940,646.81 1,800,000,000.00 6.07%
41 1,364,940,646.81 1,800,000,000.00 6.07%
42 1,364,940,646.81 1,800,000,000.00 6.07%
43 1,364,940,646.81 1,800,000,000.00 6.07%
44 1,364,940,646.81 1,800,000,000.00 6.07%
45 1,364,940,646.81 1,800,000,000.00 6.07%
46 1,364,940,646.81 1,800,000,000.00 6.07%
47 1,364,940,646.81 1,800,000,000.00 6.07%
48 1,364,940,646.81 1,800,000,000.00 6.07%
49 1,364,940,646.81 1,800,000,000.00 6.07%
50 1,364,940,646.81 1,800,000,000.00 6.07%
que hay que hacer en el sistema, para los diferentes participantes del sistema de

tación del estado sea equivalente a no más del 8% de PIB actual del país, el

s parámetros más sensitivos para que se cumpla ese requerimiento

4 5 6 7
2% 2% 3% 1%
104,346.81 106,884.10 109,638.69 110,384.98
4,620.00 6,600.00 6,588.00 5,760.00
24,104,112.79 35,271,753.27 36,114,984.53 31,790,873.17
43,387,403.02 63,489,155.89 65,006,972.16 57,223,571.71
100,077,951.68 171,056,136.92 61,251,676.28 31,240,807.26

2,294.13 3,606.27 2,115.70 1,556.31

73,042.77 74,818.87 76,747.08 77,269.48
167,569,467.49 269,817,046.09 162,373,632.97 120,255,252.15

8.00%
8.00%
8.00%
8.00%
8.00% 2,000,000,000.00
8.00%
1,800,000,000.00
8.00%
8.00% 1,600,000,000.00
8.00%
8.00% 1,400,000,000.00
8.00%
8.00%
1,200,000,000.00
8.00% VPN
1,000,000,000.00
APORTE MAXIM
800,000,000.00 ESTADO

600,000,000.00
400,000,000.00
 1,600,000,000.00
1,400,000,000.00
1,200,000,000.00
VPN
1,000,000,000.00
8.00% APORTE MAXIM
8.00% 800,000,000.00 ESTADO
8.00%
8.00% 600,000,000.00
8.00% 400,000,000.00
8.00%
8.00% 200,000,000.00
8.00%
8.00% -

37
41
45
49
50
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
38
39
40
42
43
44
46
47
48
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
12.00%
8.00%
8.00% 11.00%
8.00%
10.00%
8.00%
8.00% 9.00%
8.00%
8.00%
8.00% PORCENTAJE DE
8.00% 7.00% DEL ESTADO
8.00% APORTE MAXIMO
6.00%
8.00% ESTADO
8.00% 5.00%
8.00%
4.00%
8.00%
8.00% 3.00%
8.00%
8.00% 2.00%
10
13
14
16
19
20
22
24
26
28
30
32
34
36
38
39
41
43

47
49
50
1
2
3
4
5
6
7
8
9
11
12
15
17
18
21
23
25
27
29
31
33
35
37
40
42
44
45
46
8.00% 48
8.00%
8.00%
8.00%
8.00%
8.00%
 8 9 10 11 12
2% 0% 2% 3% 0%
113,087.46 113,564.52 116,367.23 120,354.54 119,983.77
6,684.00 5,940.00 5,964.00 5,784.00 5,928.00
37,793,828.82 33,728,661.08 34,700,707.27 34,806,534.05 35,563,189.37
68,028,891.87 60,711,589.94 62,461,273.08 62,651,761.30 64,013,740.87
146,227,230.11 135,549,507.58 83,280,753.35 205,733,557.80 169,424,108.06

3,184.01 2,893.13 2,215.19 3,598.79 3,202.83

79,161.22 79,495.16 81,457.06 84,248.18 83,988.64
252,049,950.80 229,989,758.60 180,442,733.71 303,191,853.15 269,001,038.31

VPN
APORTE MAXIMO DEL
ESTADO
 VPN
APORTE MAXIMO DEL
ESTADO
37
41
45
49
50
32
33
34
35
36
38
39
40
42
43
44
46
47
48

PORCENTAJE DE APORTE
DEL ESTADO
APORTE MAXIMO DEL
ESTADO
36
38
39
41
43

47
49
50
37
40
42
44
45
46
48
 13 14 15 16 17
1% 2% -1% 3% 2%
121,268.49 124,254.63 123,086.76 126,289.87 128,868.47
4,200.00 6,072.00 5,628.00 5,568.00 4,596.00
25,466,382.76 37,723,706.68 34,636,614.57 35,159,099.12 29,613,974.56
45,839,488.97 67,902,672.03 62,345,906.23 63,286,378.41 53,305,154.20
42,394,613.84 153,552,337.66 192,899,451.12 87,543,915.74 114,430,055.05

1,339.42 2,979.81 3,364.43 2,103.88 2,187.71

84,887.94 86,978.24 86,160.73 88,402.91 90,207.93
113,700,485.57 259,178,716.37 289,881,971.92 185,989,393.26 197,349,183.81
 18 19 20
0% 2% 1%
128,405.24 130,943.31 132,054.79
4,860.00 6,924.00 5,472.00
31,202,474.44 45,332,573.10 36,130,190.99
56,164,454.00 81,598,631.57 65,034,343.78
183,170,060.24 71,990,825.26 89,185,294.09

3,009.86 2,170.21 2,059.21

89,883.67 91,660.32 92,438.35
270,536,988.68 198,922,029.93 190,349,828.86
Empleado 4%
Empresa 8%
Diferencia Estado
Cobertura 100,000 personas
Max 694.58
Min 405.17
Crecimiento ¨-1 a 4% anual Distribuido uniformemente
Max 4
Min -1
Reclamos 70% de las personas presentan reclamos
Promedio $2,500 x empleado anuales
σ 400
Producto Interno bruto 22,500,000,000.00 1,800,000,000.00

* Proponga un modelo que permita determinar el valor presente de los pagos anuales que hay que hacer en el sistema, para l
salud.
* Supóngase que para que el escenario sea factible, el valor presente neto de la aportación del estado sea equivalente a no m
cual, para este año se estima en B/. 22.5 mil millones. Igualmente

* En caso de que no se cumpla con el requerimiento anterior, determine cuales son los parámetros más sensitivos para que se

Ingresos

1 2 3
1% 3%
Población 100,000.00 100,860.62 103,845.65
Salario 7,080.00 5,172.00 5,976.00
Aporte de empleados 2% 28,320,000.00 20,866,045.56 24,823,264.47
Aporte de la empresa 5% 56,640,000.00 41,732,091.13 49,646,528.94
Diferencia del Estado 98,886,753.05 95,687,186.58 127,875,737.36

Reclamos prom anual 2,626.38 2,241.92 2,783.60

70% de la población 70,000.00 70,602.44 72,691.96
Costo total 183,846,753.05 158,285,323.27 202,345,530.77

1 1,362,458,561.26 1,800,000,000.00 6.06%

2 1,362,458,561.26 1,800,000,000.00 6.06%
3 1,362,458,561.26 1,800,000,000.00 6.06%
4 1,362,458,561.26 1,800,000,000.00 6.06%
5 1,362,458,561.26 1,800,000,000.00 6.06%
6 1,362,458,561.26 1,800,000,000.00 6.06%
7 1,362,458,561.26 1,800,000,000.00 6.06%
8 1,362,458,561.26 1,800,000,000.00 6.06%
9 1,362,458,561.26 1,800,000,000.00 6.06%
10 1,362,458,561.26 1,800,000,000.00 6.06%
11 1,362,458,561.26 1,800,000,000.00 6.06%
12 1,362,458,561.26 1,800,000,000.00 6.06%
13 1,362,458,561.26 1,800,000,000.00 6.06%
14 1,362,458,561.26 1,800,000,000.00 6.06%
15 1,362,458,561.26 1,800,000,000.00 6.06%
16 1,362,458,561.26 1,800,000,000.00 6.06%
17 1,362,458,561.26 1,800,000,000.00 6.06%
18 1,362,458,561.26 1,800,000,000.00 6.06%
19 1,362,458,561.26 1,800,000,000.00 6.06%
20 1,362,458,561.26 1,800,000,000.00 6.06%
21 1,362,458,561.26 1,800,000,000.00 6.06%
22 1,362,458,561.26 1,800,000,000.00 6.06%
23 1,362,458,561.26 1,800,000,000.00 6.06%
24 1,362,458,561.26 1,800,000,000.00 6.06%
25 1,362,458,561.26 1,800,000,000.00 6.06%
26 1,362,458,561.26 1,800,000,000.00 6.06%
27 1,362,458,561.26 1,800,000,000.00 6.06%
28 1,362,458,561.26 1,800,000,000.00 6.06%
29 1,362,458,561.26 1,800,000,000.00 6.06%
30 1,362,458,561.26 1,800,000,000.00 6.06%
31 1,362,458,561.26 1,800,000,000.00 6.06%
32 1,362,458,561.26 1,800,000,000.00 6.06%
33 1,362,458,561.26 1,800,000,000.00 6.06%
34 1,362,458,561.26 1,800,000,000.00 6.06%
35 1,362,458,561.26 1,800,000,000.00 6.06%
36 1,362,458,561.26 1,800,000,000.00 6.06%
37 1,362,458,561.26 1,800,000,000.00 6.06%
38 1,362,458,561.26 1,800,000,000.00 6.06%
39 1,362,458,561.26 1,800,000,000.00 6.06%
40 1,362,458,561.26 1,800,000,000.00 6.06%
41 1,362,458,561.26 1,800,000,000.00 6.06%
42 1,362,458,561.26 1,800,000,000.00 6.06%
43 1,362,458,561.26 1,800,000,000.00 6.06%
44 1,362,458,561.26 1,800,000,000.00 6.06%
45 1,362,458,561.26 1,800,000,000.00 6.06%
46 1,362,458,561.26 1,800,000,000.00 6.06%
47 1,362,458,561.26 1,800,000,000.00 6.06%
48 1,362,458,561.26 1,800,000,000.00 6.06%
49 1,362,458,561.26 1,800,000,000.00 6.06%
50 1,362,458,561.26 1,800,000,000.00 6.06%
que hay que hacer en el sistema, para los diferentes participantes del sistema de

tación del estado sea equivalente a no más del 8% de PIB actual del país, el

s parámetros más sensitivos para que se cumpla ese requerimiento

4 5 6 7
-1% 2% 1% 2%
102,974.44 104,557.15 105,234.52 106,925.50
6,888.00 4,872.00 5,376.00 7,128.00
28,371,517.09 20,376,097.27 22,629,631.79 30,486,599.08
56,743,034.18 40,752,194.54 45,259,263.57 60,973,198.16
103,007,786.41 203,583,330.35 30,175,178.48 150,802,157.27

2,609.83 3,616.77 1,331.23 3,236.73

72,082.11 73,190.00 73,664.17 74,847.85
188,122,337.68 264,711,622.17 98,064,073.84 242,261,954.52

8.00%
8.00%
8.00%
8.00%
8.00% 2,000,000,000.00
8.00% 1,800,000,000.00
8.00%
8.00% 1,600,000,000.00
8.00% 1,400,000,000.00
8.00%
8.00% 1,200,000,000.00
8.00% 1,000,000,000.00
8.00%
800,000,000.00
600,000,000.00
400,000,000.00
200,000,000.00
 1,400,000,000.00
1,200,000,000.00
1,000,000,000.00
8.00% 800,000,000.00
8.00% 600,000,000.00
8.00%
8.00% 400,000,000.00
8.00%
200,000,000.00
8.00%
8.00% -

10
11
12
13
14

20
21
1
2
3
4
5
6
7
8
9

15
16
17
18
19
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
8.00%
8.00%
8.00% VPN APORTE MAXIMO DEL ESTADO
8.00%
8.00%
8.00%
8.00%
8.00%
12.00%
8.00%
8.00% 11.00%
8.00% 10.00%
8.00%
9.00%
8.00%
8.00% 8.00%
8.00% 7.00%
8.00%
6.00%
8.00%
8.00% 5.00%
8.00% 4.00%
8.00%
3.00%
8.00%
8.00% 2.00%
10
11
13
14
16
17
18
19
20
21
22
23
1
2
3
4
5
6
7
8
9

12

15

24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
8.00%
8.00%
8.00% PORCENTAJE DE APORTE DEL ESTADO APORTE MAXIMO DEL ESTAD
8.00%
8.00%
8.00%
8.00%
8.00%
 8 9 10 11 12
-1% 1% 2% 2% 4%
106,162.15 107,481.97 109,315.97 111,459.57 115,718.17
5,832.00 5,040.00 5,940.00 5,016.00 4,992.00
24,765,505.85 21,668,364.34 25,973,473.62 22,363,248.60 23,106,603.27
49,531,011.70 43,336,728.68 51,946,947.25 44,726,497.20 46,213,206.55
159,461,272.06 56,717,900.81 165,211,686.00 89,610,045.50 54,364,620.65

3,145.56 1,617.85 3,177.32 2,008.41 1,526.92

74,313.50 75,237.38 76,521.18 78,021.70 81,002.72
233,757,789.61 121,722,993.83 243,132,106.87 156,699,791.29 123,684,430.48
 22 18
23 19
24 20
25 21
22

ESTADO
26 23
27 24
28 25
29 26
30 27
31 28
32
29
30
33 31
34 32
35 33
36 34
37 35
38
36

RTE MAXIMO DEL ESTADO

37
39 38
40 39
41 40
42 41
43 42
44
43
44
45 45
46 46
47 47

APORTE MAXIMO DEL ESTADO

48 48
49 49
50
50
 13 14 15 16 17
4% 4% 3% 2% 0%
120,037.25 124,394.94 128,504.75 130,659.92 130,119.63
6,828.00 6,048.00 5,940.00 5,664.00 7,020.00
32,784,574.33 30,093,623.37 30,532,727.55 29,602,311.81 36,537,593.09
65,569,148.67 60,187,246.75 61,065,455.09 59,204,623.63 73,075,186.17
150,117,133.95 35,086,681.20 63,444,454.69 45,393,280.24 40,492,388.91

2,957.07 1,439.74 1,723.59 1,467.28 1,647.99

84,026.08 87,076.46 89,953.32 91,461.95 91,083.74
248,470,856.95 125,367,551.33 155,042,637.33 134,200,215.69 150,105,168.17
 18 19 20
0% 2% 4%
129,484.23 132,412.54 137,612.34
4,572.00 6,864.00 4,704.00
23,680,076.65 36,355,186.83 25,893,137.18
47,360,153.30 72,710,373.65 51,786,274.35
61,660,625.40 206,576,570.71 251,573,016.52

1,464.06 3,405.40 3,418.01

90,638.96 92,688.78 96,328.64
132,700,855.34 315,642,131.19 329,252,428.05
Empleado 4%
Empresa 10%
Diferencia Estado
Cobertura 100,000 personas
Max 729.30
Min 425.43
Crecimiento ¨-1 a 4% anual Distribuido uniformemente
Max 4
Min -1
Reclamos 70% de las personas presentan reclamos
Promedio $2,500 x empleado anuales
σ 400
Producto Interno bruto 22,500,000,000.00 1,800,000,000.00

* Proponga un modelo que permita determinar el valor presente de los pagos anuales que hay que hacer en el sistema, para l
salud.
* Supóngase que para que el escenario sea factible, el valor presente neto de la aportación del estado sea equivalente a no m
cual, para este año se estima en B/. 22.5 mil millones. Igualmente

* En caso de que no se cumpla con el requerimiento anterior, determine cuales son los parámetros más sensitivos para que se

Ingresos

1 2 3
3% 1%
Población 100,000.00 103,499.25 104,740.58
Salario 6,984.00 6,564.00 6,864.00
Aporte de empleados 2% 27,936,000.00 27,174,763.95 28,757,574.10
Aporte de la empresa 5% 69,840,000.00 67,936,909.87 71,893,935.25
Diferencia del Estado 151,446,198.66 1,073,539.72 108,477,953.76

Reclamos prom anual 3,560.32 1,327.62 2,852.35

70% de la población 70,000.00 72,449.48 73,318.41
Costo total 249,222,198.66 96,185,213.54 209,129,463.11

1 1,176,113,076.67 1,800,000,000.00 5.23%

2 1,176,113,076.67 1,800,000,000.00 5.23%
3 1,176,113,076.67 1,800,000,000.00 5.23%
4 1,176,113,076.67 1,800,000,000.00 5.23%
5 1,176,113,076.67 1,800,000,000.00 5.23%
6 1,176,113,076.67 1,800,000,000.00 5.23%
7 1,176,113,076.67 1,800,000,000.00 5.23%
8 1,176,113,076.67 1,800,000,000.00 5.23%
9 1,176,113,076.67 1,800,000,000.00 5.23%
10 1,176,113,076.67 1,800,000,000.00 5.23%
11 1,176,113,076.67 1,800,000,000.00 5.23%
12 1,176,113,076.67 1,800,000,000.00 5.23%
13 1,176,113,076.67 1,800,000,000.00 5.23%
14 1,176,113,076.67 1,800,000,000.00 5.23%
15 1,176,113,076.67 1,800,000,000.00 5.23%
16 1,176,113,076.67 1,800,000,000.00 5.23%
17 1,176,113,076.67 1,800,000,000.00 5.23%
18 1,176,113,076.67 1,800,000,000.00 5.23%
19 1,176,113,076.67 1,800,000,000.00 5.23%
20 1,176,113,076.67 1,800,000,000.00 5.23%
21 1,176,113,076.67 1,800,000,000.00 5.23%
22 1,176,113,076.67 1,800,000,000.00 5.23%
23 1,176,113,076.67 1,800,000,000.00 5.23%
24 1,176,113,076.67 1,800,000,000.00 5.23%
25 1,176,113,076.67 1,800,000,000.00 5.23%
26 1,176,113,076.67 1,800,000,000.00 5.23%
27 1,176,113,076.67 1,800,000,000.00 5.23%
28 1,176,113,076.67 1,800,000,000.00 5.23%
29 1,176,113,076.67 1,800,000,000.00 5.23%
30 1,176,113,076.67 1,800,000,000.00 5.23%
31 1,176,113,076.67 1,800,000,000.00 5.23%
32 1,176,113,076.67 1,800,000,000.00 5.23%
33 1,176,113,076.67 1,800,000,000.00 5.23%
34 1,176,113,076.67 1,800,000,000.00 5.23%
35 1,176,113,076.67 1,800,000,000.00 5.23%
36 1,176,113,076.67 1,800,000,000.00 5.23%
37 1,176,113,076.67 1,800,000,000.00 5.23%
38 1,176,113,076.67 1,800,000,000.00 5.23%
39 1,176,113,076.67 1,800,000,000.00 5.23%
40 1,176,113,076.67 1,800,000,000.00 5.23%
41 1,176,113,076.67 1,800,000,000.00 5.23%
42 1,176,113,076.67 1,800,000,000.00 5.23%
43 1,176,113,076.67 1,800,000,000.00 5.23%
44 1,176,113,076.67 1,800,000,000.00 5.23%
45 1,176,113,076.67 1,800,000,000.00 5.23%
46 1,176,113,076.67 1,800,000,000.00 5.23%
47 1,176,113,076.67 1,800,000,000.00 5.23%
48 1,176,113,076.67 1,800,000,000.00 5.23%
49 1,176,113,076.67 1,800,000,000.00 5.23%
50 1,176,113,076.67 1,800,000,000.00 5.23%
que hay que hacer en el sistema, para los diferentes participantes del sistema de

tación del estado sea equivalente a no más del 8% de PIB actual del país, el

s parámetros más sensitivos para que se cumpla ese requerimiento

4 5 6 7
-1% 0% 1% 0%
103,925.30 103,463.56 104,608.90 104,407.72
6,024.00 4,752.00 6,744.00 6,648.00
25,041,841.32 19,666,353.55 28,219,298.13 27,764,101.86
62,604,603.29 49,165,883.88 70,548,245.33 69,410,254.64
108,558,941.26 50,433,811.59 102,527,632.95 145,906,131.38

2,697.07 1,646.76 2,748.95 3,325.98

72,747.71 72,424.49 73,226.23 73,085.41
196,205,385.87 119,266,049.03 201,295,176.42 243,080,487.88

8.00%
8.00%
8.00%
8.00%
8.00% 2,000,000,000.00
8.00%
1,800,000,000.00
8.00%
8.00% 1,600,000,000.00
8.00%
8.00% 1,400,000,000.00
8.00%
8.00%
1,200,000,000.00
8.00% VPN
1,000,000,000.00
APORTE MAXIM
800,000,000.00 ESTADO

600,000,000.00
400,000,000.00
 1,600,000,000.00
1,400,000,000.00
1,200,000,000.00
VPN
1,000,000,000.00
8.00% APORTE MAXIM
8.00% 800,000,000.00 ESTADO
8.00%
8.00% 600,000,000.00
8.00% 400,000,000.00
8.00%
8.00% 200,000,000.00
8.00%
8.00% -

37
41
45
49
50
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
38
39
40
42
43
44
46
47
48
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
12.00%
8.00%
8.00% 11.00%
8.00%
10.00%
8.00%
8.00% 9.00%
8.00%
8.00%
8.00% PORCENTAJE DE
8.00% 7.00% DEL ESTADO
8.00% APORTE MAXIMO
6.00%
8.00% ESTADO
8.00% 5.00%
8.00%
4.00%
8.00%
8.00% 3.00%
8.00%
8.00% 2.00%
10
13
14
16
19
20
22
24
26
28
30
32
34
36
38
39
41
43

47
49
50
1
2
3
4
5
6
7
8
9
11
12
15
17
18
21
23
25
27
29
31
33
35
37
40
42
44
45
46
8.00% 48
8.00%
8.00%
8.00%
8.00%
8.00%
 8 9 10 11 12
1% 4% 0% 0% 3%
105,696.58 109,512.10 109,447.40 109,117.43 112,017.54
5,220.00 6,588.00 5,460.00 5,736.00 4,716.00
22,069,446.26 28,858,628.67 23,903,312.12 25,035,904.14 21,130,989.57
55,173,615.64 72,146,571.68 59,758,280.30 62,589,760.34 52,827,473.92
98,426,427.45 24,758,494.32 38,867,645.78 153,090,244.24 50,268,754.36

2,374.31 1,640.57 1,599.32 3,151.47 1,584.28

73,987.61 76,658.47 76,613.18 76,382.20 78,412.28
175,669,489.34 125,763,694.67 122,529,238.19 240,715,908.72 124,227,217.85

VPN
APORTE MAXIMO DEL
ESTADO
 VPN
APORTE MAXIMO DEL
ESTADO
37
41
45
49
50
32
33
34
35
36
38
39
40
42
43
44
46
47
48

PORCENTAJE DE APORTE
DEL ESTADO
APORTE MAXIMO DEL
ESTADO
36
38
39
41
43

47
49
50
37
40
42
44
45
46
48
 13 14 15 16 17
3% 3% 1% 1% 1%
115,818.25 119,643.20 121,370.42 122,166.80 122,838.27
6,216.00 7,128.00 5,496.00 6,972.00 4,596.00
28,797,049.34 34,112,668.20 26,682,074.19 34,069,878.32 22,582,588.43
71,992,623.35 85,281,670.49 66,705,185.47 85,174,695.81 56,456,471.07
133,343,564.21 183,226,074.37 42,319,285.45 117,442,637.43 188,299,680.24

2,887.94 3,613.37 1,597.31 2,767.73 3,109.07

81,072.77 83,750.24 84,959.30 85,516.76 85,986.79
234,133,236.90 302,620,413.06 135,706,545.12 236,687,211.57 267,338,739.75
 18 19 20
1% 1% 4%
123,610.00 124,408.09 128,957.77
4,764.00 6,804.00 7,080.00
23,555,120.78 33,858,905.67 36,520,841.65
58,887,801.95 84,647,264.18 91,302,104.14
114,088,482.99 27,854,257.70 69,598,487.09

2,271.33 1,680.65 2,187.00

86,527.00 87,085.66 90,270.44
196,531,405.72 146,360,427.54 197,421,432.88
Empleado 4%
Empresa 10%
Diferencia Estado
Cobertura 100,000 personas
Max 765.77
Min 446.70
Crecimiento ¨-1 a 4% anual Distribuido uniformemente
Max 4
Min -1
Reclamos 70% de las personas presentan reclamos
Promedio $2,500 x empleado anuales
σ 400
Producto Interno bruto 22,500,000,000.00 1,800,000,000.00

* Proponga un modelo que permita determinar el valor presente de los pagos anuales que hay que hacer en el sistema, para l
salud.
* Supóngase que para que el escenario sea factible, el valor presente neto de la aportación del estado sea equivalente a no m
cual, para este año se estima en B/. 22.5 mil millones. Igualmente

* En caso de que no se cumpla con el requerimiento anterior, determine cuales son los parámetros más sensitivos para que se

Ingresos

1 2 3
-1% 2%
Población 100,000.00 99,358.04 101,695.64
Salario 4,548.00 5,268.00 6,888.00
Aporte de empleados 2% 18,192,000.00 20,936,726.57 28,019,181.36
Aporte de la empresa 5% 45,480,000.00 52,341,816.42 70,047,953.41
Diferencia del Estado 142,593,339.24 21,389,789.43 120,981,054.62

Reclamos prom anual 2,946.65 1,361.14 3,077.08

70% de la población 70,000.00 69,550.63 71,186.94
Costo total 206,265,339.24 94,668,332.42 219,048,189.39

1 1,118,362,673.67 1,800,000,000.00 4.97%

2 1,118,362,673.67 1,800,000,000.00 4.97%
3 1,118,362,673.67 1,800,000,000.00 4.97%
4 1,118,362,673.67 1,800,000,000.00 4.97%
5 1,118,362,673.67 1,800,000,000.00 4.97%
6 1,118,362,673.67 1,800,000,000.00 4.97%
7 1,118,362,673.67 1,800,000,000.00 4.97%
8 1,118,362,673.67 1,800,000,000.00 4.97%
9 1,118,362,673.67 1,800,000,000.00 4.97%
10 1,118,362,673.67 1,800,000,000.00 4.97%
11 1,118,362,673.67 1,800,000,000.00 4.97%
12 1,118,362,673.67 1,800,000,000.00 4.97%
13 1,118,362,673.67 1,800,000,000.00 4.97%
14 1,118,362,673.67 1,800,000,000.00 4.97%
15 1,118,362,673.67 1,800,000,000.00 4.97%
16 1,118,362,673.67 1,800,000,000.00 4.97%
17 1,118,362,673.67 1,800,000,000.00 4.97%
18 1,118,362,673.67 1,800,000,000.00 4.97%
19 1,118,362,673.67 1,800,000,000.00 4.97%
20 1,118,362,673.67 1,800,000,000.00 4.97%
21 1,118,362,673.67 1,800,000,000.00 4.97%
22 1,118,362,673.67 1,800,000,000.00 4.97%
23 1,118,362,673.67 1,800,000,000.00 4.97%
24 1,118,362,673.67 1,800,000,000.00 4.97%
25 1,118,362,673.67 1,800,000,000.00 4.97%
26 1,118,362,673.67 1,800,000,000.00 4.97%
27 1,118,362,673.67 1,800,000,000.00 4.97%
28 1,118,362,673.67 1,800,000,000.00 4.97%
29 1,118,362,673.67 1,800,000,000.00 4.97%
30 1,118,362,673.67 1,800,000,000.00 4.97%
31 1,118,362,673.67 1,800,000,000.00 4.97%
32 1,118,362,673.67 1,800,000,000.00 4.97%
33 1,118,362,673.67 1,800,000,000.00 4.97%
34 1,118,362,673.67 1,800,000,000.00 4.97%
35 1,118,362,673.67 1,800,000,000.00 4.97%
36 1,118,362,673.67 1,800,000,000.00 4.97%
37 1,118,362,673.67 1,800,000,000.00 4.97%
38 1,118,362,673.67 1,800,000,000.00 4.97%
39 1,118,362,673.67 1,800,000,000.00 4.97%
40 1,118,362,673.67 1,800,000,000.00 4.97%
41 1,118,362,673.67 1,800,000,000.00 4.97%
42 1,118,362,673.67 1,800,000,000.00 4.97%
43 1,118,362,673.67 1,800,000,000.00 4.97%
44 1,118,362,673.67 1,800,000,000.00 4.97%
45 1,118,362,673.67 1,800,000,000.00 4.97%
46 1,118,362,673.67 1,800,000,000.00 4.97%
47 1,118,362,673.67 1,800,000,000.00 4.97%
48 1,118,362,673.67 1,800,000,000.00 4.97%
49 1,118,362,673.67 1,800,000,000.00 4.97%
50 1,118,362,673.67 1,800,000,000.00 4.97%
que hay que hacer en el sistema, para los diferentes participantes del sistema de

tación del estado sea equivalente a no más del 8% de PIB actual del país, el

s parámetros más sensitivos para que se cumpla ese requerimiento

4 5 6 7
-1% 2% 3% 2%
100,867.67 102,603.16 105,540.27 107,431.40
5,748.00 6,948.00 6,924.00 5,256.00
23,191,494.56 28,515,470.32 29,230,432.54 22,586,377.23
57,978,736.39 71,288,675.79 73,076,081.34 56,465,943.08
33,428,198.09 4,416,284.31 108,239,574.69 31,459,465.08

1,623.04 1,451.09 2,849.91 1,469.53

70,607.37 71,822.21 73,878.19 75,201.98
114,598,429.03 104,220,430.42 210,546,088.57 110,511,785.39

8.00%
8.00%
8.00%
8.00%
8.00% 2,000,000,000.00
8.00%
1,800,000,000.00
8.00%
8.00% 1,600,000,000.00
8.00%
8.00% 1,400,000,000.00
8.00%
8.00%
1,200,000,000.00
8.00% VPN
1,000,000,000.00
APORTE MAXIM
800,000,000.00 ESTADO

600,000,000.00
400,000,000.00
 1,600,000,000.00
1,400,000,000.00
1,200,000,000.00
VPN
1,000,000,000.00
8.00% APORTE MAXIM
8.00% 800,000,000.00 ESTADO
8.00%
8.00% 600,000,000.00
8.00% 400,000,000.00
8.00%
8.00% 200,000,000.00
8.00%
8.00% -

37
41
45
49
50
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
38
39
40
42
43
44
46
47
48
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
12.00%
8.00%
8.00% 11.00%
8.00%
10.00%
8.00%
8.00% 9.00%
8.00%
8.00%
8.00% PORCENTAJE DE
8.00% 7.00% DEL ESTADO
8.00% APORTE MAXIMO
6.00%
8.00% ESTADO
8.00% 5.00%
8.00%
4.00%
8.00%
8.00% 3.00%
8.00%
8.00% 2.00%
10
13
14
16
19
20
22
24
26
28
30
32
34
36
38
39
41
43

47
49
50
1
2
3
4
5
6
7
8
9
11
12
15
17
18
21
23
25
27
29
31
33
35
37
40
42
44
45
46
8.00% 48
8.00%
8.00%
8.00%
8.00%
8.00%
 8 9 10 11 12
4% -1% 2% 3% 3%
111,246.81 110,168.58 111,999.42 115,187.25 118,656.66
7,164.00 6,348.00 4,752.00 6,444.00 4,728.00
31,878,885.49 27,974,006.98 21,288,850.26 29,690,666.60 22,440,348.18
79,697,213.73 69,935,017.45 53,222,125.65 74,226,666.51 56,100,870.45
72,780,322.89 38,515,101.75 194,067,524.34 22,010,467.90 77,233,748.59

2,367.41 1,769.03 3,425.76 1,561.78 1,875.46

77,872.77 77,118.01 78,399.60 80,631.08 83,059.66
184,356,422.12 136,424,126.18 268,578,500.26 125,927,801.01 155,774,967.23

VPN
APORTE MAXIMO DEL
ESTADO
 VPN
APORTE MAXIMO DEL
ESTADO
37
41
45
49
50
32
33
34
35
36
38
39
40
42
43
44
46
47
48

PORCENTAJE DE APORTE
DEL ESTADO
APORTE MAXIMO DEL
ESTADO
36
38
39
41
43

47
49
50
37
40
42
44
45
46
48
 13 14 15 16 17
1% 0% 3% 3% 3%
119,992.05 120,232.80 123,496.99 126,871.54 131,257.60
4,248.00 5,532.00 5,232.00 4,920.00 6,900.00
20,389,049.13 26,605,114.42 25,845,449.73 24,968,319.82 36,227,096.36
50,972,622.83 66,512,786.05 64,613,624.33 62,420,799.55 90,567,740.90
224,839,484.40 182,072,956.76 181,392,998.55 142,853,342.60 16,646,527.50

3,526.44 3,269.74 3,144.69 2,592.53 1,561.18

83,994.43 84,162.96 86,447.89 88,810.08 91,880.32
296,201,156.36 275,190,857.23 271,852,072.60 230,242,461.98 143,441,364.76
 18 19 20
1% 1% 3%
131,933.15 133,115.58 137,165.17
6,420.00 6,480.00 4,560.00
33,880,432.29 34,503,557.29 25,018,927.05
84,701,080.73 86,258,893.22 62,547,317.63
103,372,111.21 44,646,515.28 115,896,870.43

2,403.31 1,775.14 2,119.06

92,353.20 93,180.90 96,015.62
221,953,624.23 165,408,965.79 203,463,115.11
Empleado 4%
Empresa 10%
Diferencia Estado
Cobertura 100,000 personas
Max 600
Min 350
Crecimiento ¨-1 a 4% anual Distribuido uniformemente
Max 4
Min -1
Reclamos 70% de las personas presentan reclamos
Promedio $2,500 x empleado anuales
σ 400
Producto Interno bruto 22,500,000,000.00 1,800,000,000.00

* Proponga un modelo que permita determinar el valor presente de los pagos anuales que hay que hacer en el sistema, para l
salud.
* Supóngase que para que el escenario sea factible, el valor presente neto de la aportación del estado sea equivalente a no m
cual, para este año se estima en B/. 22.5 mil millones. Igualmente

* En caso de que no se cumpla con el requerimiento anterior, determine cuales son los parámetros más sensitivos para que se

Ingresos

1 2 3
2% 2%
Población 100,000.00 101,691.49 104,092.19
Salario 6,384.00 6,804.00 4,812.00
Aporte de empleados 2% 25,536,000.00 27,676,354.87 20,035,664.62
Aporte de la empresa 5% 63,840,000.00 69,190,887.18 50,089,161.55
Diferencia del Estado 29,503,149.89 57,758,399.60 131,347,278.72

Reclamos prom anual 1,698.27 2,172.20 2,765.02

70% de la población 70,000.00 71,184.04 72,864.53
Costo total 118,879,149.89 154,625,641.65 201,472,104.89

1 1,195,360,836.13 1,800,000,000.00 5.31%

2 1,195,360,836.13 1,800,000,000.00 5.31%
3 1,195,360,836.13 1,800,000,000.00 5.31%
4 1,195,360,836.13 1,800,000,000.00 5.31%
5 1,195,360,836.13 1,800,000,000.00 5.31%
6 1,195,360,836.13 1,800,000,000.00 5.31%
7 1,195,360,836.13 1,800,000,000.00 5.31%
8 1,195,360,836.13 1,800,000,000.00 5.31%
9 1,195,360,836.13 1,800,000,000.00 5.31%
10 1,195,360,836.13 1,800,000,000.00 5.31%
11 1,195,360,836.13 1,800,000,000.00 5.31%
12 1,195,360,836.13 1,800,000,000.00 5.31%
13 1,195,360,836.13 1,800,000,000.00 5.31%
14 1,195,360,836.13 1,800,000,000.00 5.31%
15 1,195,360,836.13 1,800,000,000.00 5.31%
16 1,195,360,836.13 1,800,000,000.00 5.31%
17 1,195,360,836.13 1,800,000,000.00 5.31%
18 1,195,360,836.13 1,800,000,000.00 5.31%
19 1,195,360,836.13 1,800,000,000.00 5.31%
20 1,195,360,836.13 1,800,000,000.00 5.31%
21 1,195,360,836.13 1,800,000,000.00 5.31%
22 1,195,360,836.13 1,800,000,000.00 5.31%
23 1,195,360,836.13 1,800,000,000.00 5.31%
24 1,195,360,836.13 1,800,000,000.00 5.31%
25 1,195,360,836.13 1,800,000,000.00 5.31%
26 1,195,360,836.13 1,800,000,000.00 5.31%
27 1,195,360,836.13 1,800,000,000.00 5.31%
28 1,195,360,836.13 1,800,000,000.00 5.31%
29 1,195,360,836.13 1,800,000,000.00 5.31%
30 1,195,360,836.13 1,800,000,000.00 5.31%
31 1,195,360,836.13 1,800,000,000.00 5.31%
32 1,195,360,836.13 1,800,000,000.00 5.31%
33 1,195,360,836.13 1,800,000,000.00 5.31%
34 1,195,360,836.13 1,800,000,000.00 5.31%
35 1,195,360,836.13 1,800,000,000.00 5.31%
36 1,195,360,836.13 1,800,000,000.00 5.31%
37 1,195,360,836.13 1,800,000,000.00 5.31%
38 1,195,360,836.13 1,800,000,000.00 5.31%
39 1,195,360,836.13 1,800,000,000.00 5.31%
40 1,195,360,836.13 1,800,000,000.00 5.31%
41 1,195,360,836.13 1,800,000,000.00 5.31%
42 1,195,360,836.13 1,800,000,000.00 5.31%
43 1,195,360,836.13 1,800,000,000.00 5.31%
44 1,195,360,836.13 1,800,000,000.00 5.31%
45 1,195,360,836.13 1,800,000,000.00 5.31%
46 1,195,360,836.13 1,800,000,000.00 5.31%
47 1,195,360,836.13 1,800,000,000.00 5.31%
48 1,195,360,836.13 1,800,000,000.00 5.31%
49 1,195,360,836.13 1,800,000,000.00 5.31%
50 1,195,360,836.13 1,800,000,000.00 5.31%
que hay que hacer en el sistema, para los diferentes participantes del sistema de

tación del estado sea equivalente a no más del 8% de PIB actual del país, el

s parámetros más sensitivos para que se cumpla ese requerimiento

4 5 6 7
0% 2% 3% -1%
104,478.33 106,304.37 109,464.99 108,496.55
4,440.00 4,560.00 5,292.00 5,628.00
18,555,351.37 19,389,916.23 23,171,549.62 24,424,744.39
46,388,378.42 48,474,790.57 57,928,874.06 61,061,860.97
62,590,309.76 153,020,983.93 83,151,269.16 125,138,367.74

1,743.82 2,968.37 2,143.56 2,773.29

73,134.83 74,413.06 76,625.49 75,947.59
127,534,039.55 220,885,690.73 164,251,692.84 210,624,973.10

8.00%
8.00%
8.00%
8.00%
8.00% 2,000,000,000.00
8.00%
1,800,000,000.00
8.00%
8.00% 1,600,000,000.00
8.00%
8.00% 1,400,000,000.00
8.00%
8.00%
1,200,000,000.00
8.00% VPN
1,000,000,000.00
APORTE MAXIM
800,000,000.00 ESTADO

600,000,000.00
400,000,000.00
 1,600,000,000.00
1,400,000,000.00
1,200,000,000.00
VPN
1,000,000,000.00
8.00% APORTE MAXIM
8.00% 800,000,000.00 ESTADO
8.00%
8.00% 600,000,000.00
8.00% 400,000,000.00
8.00%
8.00% 200,000,000.00
8.00%
8.00% -

37
41
45
49
50
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
38
39
40
42
43
44
46
47
48
8.00%
8.00%
8.00%
8.00%
8.00%
8.00%
12.00%
8.00%
8.00% 11.00%
8.00%
10.00%
8.00%
8.00% 9.00%
8.00%
8.00%
8.00% PORCENTAJE DE
8.00% 7.00% DEL ESTADO
8.00% APORTE MAXIMO
6.00%
8.00% ESTADO
8.00% 5.00%
8.00%
4.00%
8.00%
8.00% 3.00%
8.00%
8.00% 2.00%
10
13
14
16
19
20
22
24
26
28
30
32
34
36
38
39
41
43

47
49
50
1
2
3
4
5
6
7
8
9
11
12
15
17
18
21
23
25
27
29
31
33
35
37
40
42
44
45
46
8.00% 48
8.00%
8.00%
8.00%
8.00%
8.00%
 8 9 10 11 12
-1% 1% -1% -1% 0%
107,729.86 108,294.07 107,476.56 106,914.00 106,795.62
6,648.00 4,572.00 4,920.00 5,196.00 4,788.00
28,647,524.72 19,804,819.00 21,151,386.82 22,221,005.18 20,453,497.29
71,618,811.79 49,512,047.49 52,878,467.04 55,552,512.95 51,133,743.23
45,591,715.21 61,813,193.96 118,773,864.98 54,625,087.08 184,692,479.46

1,934.18 1,729.81 2,562.73 1,769.09 3,428.17

75,410.90 75,805.85 75,233.59 74,839.80 74,756.93
145,858,051.72 131,130,060.44 192,803,718.84 132,398,605.21 256,279,719.99

VPN
APORTE MAXIMO DEL
ESTADO
 VPN
APORTE MAXIMO DEL
ESTADO
37
41
45
49
50
32
33
34
35
36
38
39
40
42
43
44
46
47
48

PORCENTAJE DE APORTE
DEL ESTADO
APORTE MAXIMO DEL
ESTADO
36
38
39
41
43

47
49
50
37
40
42
44
45
46
48
 13 14 15 16 17
0% -1% 1% 1% 2%
106,357.40 105,615.77 106,466.91 107,939.13 110,240.25
4,692.00 5,016.00 4,548.00 6,108.00 5,004.00
19,961,157.65 21,190,747.76 19,368,460.47 26,371,689.14 22,065,687.87
49,902,894.12 52,976,869.41 48,421,151.16 65,929,222.85 55,164,219.66
97,805,233.12 168,308,020.48 40,896,942.35 150,619,021.97 112,782,231.53

2,252.10 3,279.75 1,458.35 3,215.04 2,462.31

74,450.18 73,931.04 74,526.84 75,557.39 77,168.17
167,669,284.89 242,475,637.65 108,686,553.98 242,919,933.96 190,012,139.06
 18 19 20
0% 2% 2%
110,233.77 111,904.17 113,650.52
5,004.00 7,140.00 4,296.00
22,064,391.98 31,959,832.04 19,529,704.62
55,160,979.94 79,899,580.10 48,824,261.54
77,032,129.08 89,224,394.07 155,392,775.89

1,999.10 2,567.04 2,812.47

77,163.64 78,332.92 79,555.36
154,257,501.00 201,083,806.21 223,746,742.04