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DoF clarifies PhilHealth fund use
The Department of Finance (DOF) revealed that the majority of the Philippine Health Insurance Corp.'s (PhilHealth) PHP60 billion remittance was allocated to crucial health and social services.
Approximately 78 percent, or PHP46.1 billion, of the excess funds from PhilHealth was channeled into various health and social initiatives.
A significant portion, PHP27.45 billion, was dedicated to settling public health emergency benefits and allowances for frontline workers during the Covid-19 pandemic.
Further allocations included PHP10 billion for medical assistance to indigent patients, PHP4.10 billion for medical equipment for various hospitals, and PHP3.37 billion for the construction of DOH health facilities.
An additional PHP1.69 billion supported the health facilities enhancement program, and PHP13 billion funded government counterpart financing for infrastructure and social determinants of health projects.
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See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
Supreme Court Associate Justice Amy Lazaro-Javier questioned the government's transfer of unutilized Philippine Health Insurance Corp. (PhilHealth) funds to the national treasury.
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Government Corporate Counsel Solomon Hermosura asserted before the Supreme Court that the Philippine Health Insurance Corporation (PhilHealth) is financially sound and cannot go bankrupt.
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PhilHealth admitted that not all monetary claims were settled before it remitted P60 billion to the National Treasury.
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An economics professor argued that PhilHealth's idle funds represent a missed opportunity to provide healthcare services to Filipinos.
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