Biz group urges PhilHealth to increase benefits, suspend rate hikes amid unused funds issue | ABS-CBN
ADVERTISEMENT
Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!
Biz group urges PhilHealth to increase benefits, suspend rate hikes amid unused funds issue
Biz group urges PhilHealth to increase benefits, suspend rate hikes amid unused funds issue
MANILA -- One of the biggest business groups in the country is urging PhilHealth to give its members more benefits and stop asking for more contributions while it has unused funds.
MANILA -- One of the biggest business groups in the country is urging PhilHealth to give its members more benefits and stop asking for more contributions while it has unused funds.
In a statement, the Philippine Chamber of Commerce and Industry (PCCI) said PhilHealth's assistance to its members is "severely deficient" despite having substantial reserve funds.
“Despite posting surplus funds, the agency’s health insurance coverage is still at the bare minimum; members continue to disproportionately shoulder the burden of their hospital and healthcare expenses,” said PCCI President Enunina Mangio.
“Despite posting surplus funds, the agency’s health insurance coverage is still at the bare minimum; members continue to disproportionately shoulder the burden of their hospital and healthcare expenses,” said PCCI President Enunina Mangio.
The executive said the state insurer must give its members more benefits in the form of more benefits like hospitalization and covering more illnesses.
The executive said the state insurer must give its members more benefits in the form of more benefits like hospitalization and covering more illnesses.
The group also called on the national government to suspend the remaining 1 percent increase in members’ contributions.
The group also called on the national government to suspend the remaining 1 percent increase in members’ contributions.
ADVERTISEMENT
“PhilHealth has shown its solvency. It does not need another rate hike to sustain its operations and services to its members, it needs efficient management of its funds,” Mangio said.
“PhilHealth has shown its solvency. It does not need another rate hike to sustain its operations and services to its members, it needs efficient management of its funds,” Mangio said.
Instead, the PCCI said PhilHealth needs to be more transparent in how its funds are used through regular performance audits and consider reorganizing its leadership.
Instead, the PCCI said PhilHealth needs to be more transparent in how its funds are used through regular performance audits and consider reorganizing its leadership.
The Department of Finance (DOF) has defended its circular directing PhilHealth to remit P89.9 billion in unused subsidies back to the national treasury so that these can be utilized in financing unprogrammed appropriations.
The Department of Finance (DOF) has defended its circular directing PhilHealth to remit P89.9 billion in unused subsidies back to the national treasury so that these can be utilized in financing unprogrammed appropriations.
Finance Secretary Ralph Recto has noted that PhilHealth can still end 2024 with about P546 billion in funds even if it transferred money for other government expenses.
Finance Secretary Ralph Recto has noted that PhilHealth can still end 2024 with about P546 billion in funds even if it transferred money for other government expenses.
The state health insurer has also said that the funds it will be remitting to the state treasury do not include contributions of paying members.
The state health insurer has also said that the funds it will be remitting to the state treasury do not include contributions of paying members.
ADVERTISEMENT
ADVERTISEMENT
