Defining the News
In the latest discussion regarding the Philippine Health Insurance Corp.’s P89.9 billion in excess funds, economist and Albay Second District Rep. Joey Salceda has voiced strong support for the Department of Finance’s stance.
The economist aligns with the DOF’s argument that it is preferable to use these excess funds for unprogrammed appropriations rather than introducing new taxes or incurring additional debt. Contrary to popular belief, Salceda emphasized that these excess funds are derived from taxpayer money, not from contributions by PhilHealth members.
“If there is still excess money, it suggests that we have allocated too much in subsidies. It’s more prudent to use this surplus taxpayer money for other urgent needs rather than accumulating new debt with interest,” he noted.
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