PhilHealth: Sufficient funds for health services, including COVID-19
PhilHealth assured members on Monday that it has sufficient funds to cover all health services, including those for COVID-19 patients.
The corporation started the year with a PHP130 billion reserve and estimates PHP40 billion will be spent on COVID-19 related expenses. Up to April end, PhilHealth has paid out PHP52.5 billion.
PhilHealth CEO Ricardo Morales stated that funds are adequate for 2020 and possibly up until mid-next year.
Morales also recommended delaying the implementation of the Universal Health Care Law due to current financial considerations.
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