Home > Business PhilHealth to implement contribution hike in June ABS-CBN News Posted at May 06 2022 10:54 AM Share Facebook Twitter LinkedIn Viber Watch more News on iWantTFC Philippine Health Insurance Corporation (PhilHealth) said it would proceed with its contribution hike in June, which will raise the collection rate to 4 percent from the current 3 percent of a member's monthly salary. The Universal Healthcare Act mandates a 0.5 percent increase in PhilHealth contributions every year until it reaches the 5 percent limit in 2025. But the COVID-19 pandemic prompted authorities to defer the rate hike last year, following public uproar over some P15 billion in PhilHealth funds that reportedly went missing, which it denied. PhilHealth set to lose P13 billion due to deferment of contribution hike PhilHealth should resolve internal corruption before hiking contribution rate: Lacson The state medical insurer also faced issues on its delayed payment of hospital reimbursement claims and its debt to the Philippine Red Cross for COVID-19 tests. Private hospitals rethink ties with PhilHealth after non-payment of claims PhilHealth owes PH Red Cross P550 million: chairman Share Facebook Twitter LinkedIn Viber ANC, ANC Top, ANC Exclusives, insurance Read More: PhilHealth PhilHealth contribution Universal Healthcare Act insurance