“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
This story is from the September 09, 2024 edition of The Philippine Star.
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This story is from the September 09, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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