Philippine News Agency
PhilHealth assures Covid-19 benefit coverage in W. Visayas
PhilHealth assures it has sufficient funds to cover COVID-19 treatments under its new case rate system, which took effect on April 15.
The highest coverage for critical COVID-19 cases is P786,384, with P333,519 for severe pneumonia, P143,267 for moderate cases, and P43,997 for mild cases.
PhilHealth President and CEO Ricardo Morales stated that PHP30 billion has been prepositioned to accredited hospitals to aid in the COVID-19 response.
Morales acknowledged a shortfall in insurance collections due to the economic impact of the pandemic but expressed confidence in PhilHealth's ability to manage.
He also mentioned that PhilHealth has total assets of P221 billion, including P70 billion in current assets and P124 billion in investments and securities that can be converted to cash.
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