Critics go to court as transfer of Philhealth fund nears end

Quick Summary:

AS oppositors to the "illegal” transfer of the fund balances of the Philippine Health Insurance Corp.(PhilHealth) trooped to the Supreme Court (SC) last Wednesday, the state-run health insurer still proceeded to remit P30 billion to the Treasury on October 16.

According to the DOF, the “unused and idle” funds of state coffers will be used to bankroll P203.1-billion worth of projects in health, social services and infrastructure under unprogrammed appropriations in the 2024 GAA.“Unlocking these excess fund balances is a more prudent fiscal option than borrowing more or imposing taxes.

PhilHealth President and CEO Emmanuel R.Ledesma Jr.said members can expect a total increase of more than 50 percent across the board increase in benefits before 2024 ends.“Those recent benefit packages are drop in the bucket and do not address the huge problems we are facing,” Leachon said.“These are shallow PR (press release) campaigns to dissuade the public from taking action against them.

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Author / Journalist: Joel R. San Juan and Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: PhilippinesIsrael

Topics: Top News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 21:01:05 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1407 words

Reading Time: 8 minutes read

Sentences: 53 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 23093877

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