Recently the Philippine Health Insurance Corporation (PhilHealth) confirmed that it has enough funds to cover the benefit package payments and other matters for its members in 2025, according to a Philippine News Agency (PNA) news article.
To put things in perspective, posted below is an excerpt from the PNA news article. Some parts in boldface…
The Philippine Health Insurance Corporation (PhilHealth) on Monday said it has sufficient funds to cover all the benefit package payments and planned expansion of package rates next year.
In a media forum in Pasig City, PhilHealth Senior Vice President Renato Limsiaco Jr. said all Filipinos can avail of their benefit packages both in hospital and primary care whether they pay monthly premiums or not.
This came after Congress and the Department of Budget and Management appropriated only PHP53.26 billion worth of premiums covering only 14 million out of the 25.28 million indirect contributors to PhilHealth.
The state insurer has requested a PHP150.92 billion budget to cover all its indirect contributors.
“This year from the sin tax fund, we received PHP40 million and the PCSO (Philippine Charity Sweepstakes Office) and PAGCOR (Philippine Amateur Gaming Corporation), PHP21.73 million, we received PHP61 million all in all,” Limsiaco said.
“And for next year, another round of funding, so PHP21.1 million from PCSO for the improvement of benefits, and I think PHP47 million something is from the sin tax.”
He noted these funds will be added to the premium collection from direct contributors who are employees of the government and private companies, and those who are “self-paying”.
As of Oct. 31, the PhilHealth has a total fund of PHP485 billion pesos.
It has collected a total of PHP172.3 billion premium payments as of Nov. 22. It has disbursed Php148.4 billion for benefits payments, leaving a balance of PHP23.9 billion as of Nov. 22.
Let me end this post by asking you readers: What is your reaction to this recent development? Do you feel safer in relation to what the PNP announced? Have there been lesser crime incidents that happened in your local community this year?
You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.
+++++
Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco
Author Carlo Carrasco 