“Despite posting surplus funds, the agency’s health insurance coverage is still at the bare minimum. Members continue to disproportionately shoulder the burden of their hospital and health care expenses,” PCCI president Enunina Mangio said.
PhilHealth had a net income of P173.46 billion in 2023. While PhilHealth has substantial reserve funds, the PCCI said the state-run insurer’s financial assistance to its members continues to be severely deficient. “These funds are contributions from the hard-earned money of its members. These should be plowed back to members in the form of higher rate of benefits including hospitalization, and the expansion of covered illnesses,” Mangio said.
Earlier, PhilHealth told lawmakers they will raise benefit packages by an additional 30 percent before the end of the year.
Last Feb. 14, PhilHealth increased the benefit packages by 30 percent.
The PCCI is also urging the government to suspend implementation of the increase in PhilHealth members’ contributions.
“PhilHealth has shown its solvency. It does not need another rate hike to sustain its operations and services to its members, it needs efficient management of its funds,” Mangio said.
OSG answers case before SC
Denne historien er fra September 09, 2024-utgaven av The Philippine Star.
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Denne historien er fra September 09, 2024-utgaven av The Philippine Star.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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ALI ind'l unit heating up cold storage business
The industrial real estate unit of property giant Ayala Land Inc is heating up its cold storage business as it looks to become a major player in the segment over the next five years.
Financial resources grow 10% as of July
The total resources of the country's financial system breached the P32-trillion level, posting a double-digit growth in the first seven months of the year, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
Gov't urged to assist online sellers in BIR registration
Online entrepreneurs should be given proper assistance to comply with Bureau of Internal Revenue (BIR) registration requirements as the tax agency starts a crackdown on unregistered entities, an advocacy group said.
FLI diversifies into condotels
Filinvest Land Inc.(FLI) is adding the condotel business in its diverse project portfolio with the acquisition of outstanding shares in Fora Services Inc. (FOSI).
Maya, Grab team up for instant credit
Digital lender Maya Bank has partnered with Grab Philippines to offer instant credit services among eligible users, boosting Filipinos' access to financial solutions while integrating more convenience into their daily lives.
SMIC sees better H2 performance
Analysts see a stronger second half performance for the investment holding company of the Sy family.
SM Hotels taps TUV Rheinland for food safety, hygiene policies
SM Hotels and Conventions Corp.(SMHCC) has tapped testing service provider TUV Rheinland to ensure the highest standards of safety and quality for dining experiences.
Expanded regulatory power of GCG pushed
The Governance Commission on GOCCS (GCG) is expected to expand its regulatory powers once the 13-year-old law surrounding its mandate is amended.
Compliance woes stall Pag-IBIG home loan releases
The Home Development Mutual Fund, commonly known as Pag-IBIG Fund, is facing challenges in the release of its housing loans, with only a little over 50 percent of the target reached as of August.
Phl bond market slows in Q2
Philippine bond market growth moderated in the second quarter from the previous quarter due to lower government and corporate issuances, the Asian Development Bank (ADB) said.
