PRESIDENT Ferdinand Marcos Jr. on Monday justified the scrapping of the P74-billion subsidy for the Philippine Health Insurance Corp. (PhilHealth), insisting that the agency has 'sufficient funds to carry on.'
PRESIDENT Ferdinand Marcos Jr. on Monday justified the scrapping of the P74-billion subsidy for the Philippine Health Insurance Corp. , insisting that the agency has 'sufficient funds to carry on.'In a chance interview with reporters in Malacañang, Marcos noted that the state insurer has P500 billion in reserve funds.'And the cost to provide their services in one year is less than P100 billion. So, their budget actually for expenditure is P260 billion.
The bicameral conference committee last week trimmed the DepEd budget by P12 billion.Marcos said the cut is 'contrary to all our policy direction,' which focuses on improving the students' STEM development under the DepEd Computerization Program .'Because the P10 billion that was cut comes from the computerization item. So, we're working on it to make sure that we will restore it. ... I think we'll still be able to do it, to be able to do something.
Justifies Zero Subsidy For Philhealth
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