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Utilization of unused PhilHealth subsidies won’t affect members' benefits says Recto
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.
PhilHealth has over P500 billion in reserve funds, sufficient for the next three years, even after remitting about P89.9 billion of national government subsidy to the Bureau of the Treasury.
Recto stated that these substantial reserve funds will be utilized for the enhancement and expansion of PhilHealth benefits.
The transfer of excess funds was confirmed to be legal and received approval from the PhilHealth Board of Directors, after consultations with the Government Commission for GOCCs, Office of the Government Corporate Counsel, and the Commission on Audit.
President Ferdinand R. Marcos, Jr. had previously announced during his third State of the Nation Address that PhilHealth members can anticipate improved and expanded benefits.
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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.
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Philippine Health Insurance Corp. (PhilHealth) has an excess of P89.9 billion earmarked for health programs.
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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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