‘Defunding PhilHealth fails solving health ills’

Quick Summary:

A BRUPTLY defunding the insurance agency will not address the growing problems of health financing, especially without concrete steps from the government to resolve them, according to think tank Ibon Foundation Inc.

AS an insurance agency, Piedad said PhilHealth is legally required to set aside a portion of its accumulated revenues, not needed for current expenditures, as reserve funds.

THE decision to cut PhilHealth’s government subsidy to zero, as approved by the Bicameral Conference Committee on the National Budget, has drawn criticism from health advocates and the paying public.

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Article Details

Author / Journalist: Rizal Raoul S. Reyes

Category: BusinessStartups

Markets: Philippines

Topics: Percent Government Philhealth’s Piedad Philhealth Health Reserve Funds Billion Contributions Agency

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-05 @ 16:06:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1019 words

Reading Time: 6 minutes read

Sentences: 37 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 24906130

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Official Website: businessmirror.com.ph

Update Frequency: 41 posts per day

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