Teves to SC: Use of PhilHealth’s idle funds can benefit PHL without undermining universal health care

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Teves to SC: Use of PhilHealth’s idle funds can benefit PHL without undermining universal health care - Business Mirror

Quick Summary:

Former Finance Secretary Margarito Teves defended the transfer of idle funds from the Philippine Health Insurance Corporation (PhilHealth) to the Bureau of Treasury (BTr) and stressed that the move allowed the government to use the money for critical public programs without undermining the state insurer’s ability to provide services.

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He recalled that during the Ramos administration, all government offices and agencies were required to transfer all funds deposited with banks to the BTr.