The Department of Health (DOH) on Tuesday, Dec. 17, announced that the Philippine Health Insurance Corporation (PhilHealth) Board of Directors has approved a P284-billion budget for 2025 and increased benefits, including case rates, by as much as 50 percent.
Merlina Hernando-MalipotThe Department of Health on Tuesday, Dec. 17, announced that the Philippine Health Insurance Corporation Board of Directors has approved a P284-billion budget for 2025 and increased benefits, including case rates, by as much as 50 percent.“PhilHealth has a lot of money, well over the reserve fund ceiling allowed by law,” said DOH Secretary Teodoro J. Herbosa in a statement.
The DOH noted that the total amount approved is 10 percent higher than the previous year’s P259-billion COB. The DOH explained that the COB is PhilHealth’s version of a General Appropriations Act for the national government or a General Appropriations Ordinance for local government units. The formula used, according to the DOH, is accumulated net income over the years amounting to P431 billion, minus the Reserve Fund ceiling of P281 billion.
“Despite the increase in the budget for benefits, the Board approved an increase of only 3 percent for administrative expenses, from P12.1 billion in FY 2024 to P12.5 billion in FY 2025,” it added.
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