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Recto assures public: Transfer of PhilHealth’s P20B excess funds legal
The Department of Finance (DOF) maintains that the transfer of P20 billion in excess funds from PhilHealth to the national government is legal, as supported by Congress.
Finance Secretary Ralph Recto clarified that the directive aligns with Circular No. 003-2024 and will not impact PhilHealth's financial capacity or its health programs.
Recto assured that consultations with the Governance Commission for GOCCs (GCG), the Office of the Government Corporate Counsel (OGCC), and the Commission on Audit (COA) confirmed the legality of the fund transfer.
PhilHealth also reassured its members that their benefits will remain unaffected and will continue to be expanded and enhanced.
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Senator Christopher "Bong" Go plans to investigate the legality of the P90-billion fund transfer from PhilHealth to the National Treasury.
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Over 60 medical societies and healthcare organizations are urging President Ferdinand Marcos Jr. to reverse the Department of Finance's directive to transfer nearly P90 billion in surplus funds from PhilHealth to the National Treasury.
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Philippine Health Insurance Corp. (PhilHealth) has an excess of P89.9 billion earmarked for health programs.
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Finance Secretary Ralph Recto assured that Philippine Health Insurance Corp. (PhilHealth) members will not experience any changes in their benefits despite the remittance of unused government subsidies.
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