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The article addresses the present configuration of Brazil’s health system. Although it is defined as comprising universal access, hegemonic public funding and direct provision of care, today it is fragmented and under private sector hegemony, with strong inequity in health care provision. Comparison between health expenditure indicators in 26 emerging countries shows that state expenditures have been of lesser magnitude, even as compared with other emerging countries. Out-of-pocket expenditures are high and that compromises equity. The failures of Brazil´s health reform are seen as an outcome of the pattern of organization of domestic collective interests. It is argued that, as the Constitution proposed no veto against the market operating in the health sector, interests with greater voice have succeeded in imposing their preferences in decision-making arenas for private health care. The discussion is based on policy analysis literature and health system typologies. The data are analysed by descriptive statistics. [ABSTRACT FROM AUTHOR]