In a highly unscientific "study", I heard reports question why the suspected death toll for H1N1 is higher in Mexico, but no subsequent answers followed. Naturally, I turned to Google for insight.
In 2006, researchers found that a country's income was the biggest predictor of its death toll in an influenza pandemic. The lack of income per capita in Mexico is evident in the large number of uninsured citizens who accordingly receive minimal federal health care in what amounts to a three-tier health system. This figure of 50 million uninsured out of an estimated population of 110 million amounts to approximately 45%.
According to a 2007 news release from the New Mexico Department of Health, influenza was not systematically monitored in Mexico. While this lack of monitoring may be in part due to lack of resources, it was likely aggravated by the World Bank-led neo-liberal health reform, which failed to prevent a shortage of adequately skilled staff and likely increased the bureaucratic barriers to inter-state cooperation in communicable disease monitoring.
My tentative conclusion is that poverty, insufficient resources, organizational dysfunction, and a lack of political will for influenza surveillance left Mexico in a condition vulnerable to an influenza pandemic.
As a consequence, it's entirely possible that H1N1 has gone undetected for some time and that the apparently high death toll to date (based on suspected rather than confirmed cases) could be more a function of total population infected rather than elevated lethality.