The unused and idle funds of the Philippine Health Insurance Corporation (PhilHealth) should be returned to the national government since the agency failed to utilize these state subsidies.
The unused and idle funds of the Philippine Health Insurance Corporation should be returned to the national government since the agency failed to utilize these state subsidies.
“These are not funds of PhilHealth. These are funds of the national government that PhilHealth asked for . . . The problem is for the past three years, these funds are in excess of what they register,” said Herbosa, who as DOH chief is the chairperson of the PhilHealth board.“It’s not from the members’ contributions. This is not from their reserve fund, this is not from their investments. This is from government money that they asked for, and government gave it and they were unable to absorb it.
According to Herbosa, “The Department of Health is now the third highest budget among the executive branches. We’re next to Education and DPWH and public works and it’s now helped actually, but I can definitely use more money, and Philhealth can definitely increase the benefits.”
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