ABS-CBN
PhilHealth to recommend decrease in contribution
Philippine Health Insurance Corporation (PhilHealth) President Emmanuel Ledesma Jr. announced plans to recommend a reduction in premium contribution rates to President Ferdinand Marcos Jr., a move discussed in a Senate committee hearing.
This proposed rate cut follows an earlier increase in contribution rates from 4 percent to 5 percent at the beginning of the year.
Senator Bong Go supported the reduction, citing the financial burden on Filipinos and the importance of their savings.
The recommendation comes after PhilHealth's substantial P500 billion reserve fund was mentioned, and senators questioned the transfer of P89.9 billion of these funds back to the national treasury.
Go stated that the returned funds could have been utilized for the benefits of PhilHealth members.
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Several groups, including the Philippine Medical Association and Senator Aquilino "Koko" Pimentel III, have petitioned the Supreme Court to stop the diversion of P89.9 billion in excess PhilHealth funds 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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