All in all, Argentine psychiatrists have seen their incomes drastically reduced, not just by patients’ decreased buying power and insurance companies’ tardiness in paying claims, but by the government’s devaluation of the peso, Rodrigo Muñoz, M.D., a San Diego psychiatrist and former APA president, explained. And since Argentina has more psychiatrists than any other country in South America, the financial deprivation that Argentine psychiatrists are experiencing is a setback for Latin American psychiatrists in general, Muñoz asserted.