EconomyEditor's PickMore transparency urged for PhilHealth finances to aid budget preparation

November 8, 2021

THE COMMISSION on Audit (CoA) needs to release a full report on the Philippine Health Insurance Corp. (PhilHealth) to aid in the preparation of the 2022 budget, a Senator said as the spending plan enters plenary debate in the chamber.

“We at the Senate need to examine PhilHealth’s finances and take that into consideration in the discussions for the 2022 government budget,” Senator Mary Grace Natividad S. Poe-Llamanzares said in a statement Monday.

The CoA report, Ms. Poe said, will serve as a credible starting point for determining the standing of the government-owned health insurer and ensure that funds are effectively used, particularly on the matter of its long-delayed payables.

“We need to know exactly how much PhilHealth owes hospitals and healthcare workers,” she added. “They must be paid soon and government must figure out where to get the funds.”

The Private Hospitals Association of the Philippines, Inc. (PHAPi) has said that its members are still awaiting PhilHealth payment on coronavirus disease 2019 (COVID-19) claims from 2020, noting that this has led some hospitals to consider not renewing their PhilHealth accreditation.

“This will make it difficult for PhilHealth members to reap the full benefits of their membership as they will have to pay for their medical expenses out of pocket and hope that the state health insurer will reimburse them,” Ms. Poe said.

Of the 35,147 COVID-19 reimbursement claims from hospitals in 2020, PhilHealth has settled 10,265, with a payout of P2.5 billion, she said.

The 2019 CoA report, she added, cited concerns about PhilHealth’s actuarial life. — Alyssa Nicole O. Tan

Leave a Reply

Your email address will not be published. Required fields are marked *

Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartPeopleMail. All Rights Reserved.

Subscribe for FREE today and get your daily shot of smart news about the Economy and Investing.
We are dedicated to keeping any data we collect from you — safe and secure. Here you can read our privacy policy.