PhilHealth viable but may adjust coverage if pandemic persists

PhilHealth remains viable for now but may need to adjust its coverage if the pandemic persists.

Finance Secretary Carlos Dominguez III stated that PhilHealth has PHP160 billion in reserve funds and is currently struggling with a PHP25.5-billion deficit due to increased insurance payouts and decreased contributions collections.

Dominguez warned that if the situation continues for five years, 'everybody has to change their lifestyles'.

He also mentioned that while PhilHealth will not disappear due to budgetary issues, some of its coverage might change.

The Insurance Commission is conducting a study on PhilHealth's viability and has already presented preliminary findings.