Unused PhilHealth funds: A balancing act between fiscal responsibility and universal healthcare

Quick Summary:

The debate over the unused funds from national government subsidies to the Philippine Health Insurance Corporation (PhilHealth) highlights the delicate balance between fiscal responsibility and the commitment to universal healthcare.

Finance Secretary Ralph Recto has stressed that only the excess, unutilized subsidies are being returned, not the contributions from PhilHealth members.

The larger question is whether the existing framework of government subsidies and PhilHealth’s financial structure is optimally serving the goal of universal healthcare.

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Article Details

Author / Journalist: BusinessMirror Editorial

Category: BusinessStartups

Markets: Philippines

Topics: Editorial Opinion Editorial

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 16:05:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 606 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 21675640

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 72 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 12 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #37

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