PhilHealth assures continued services despite loss of 2025 government subsidy | ABS-CBN
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PhilHealth assures continued services despite loss of 2025 government subsidy
Addie Cuadra,
ABS-CBN News
Published Dec 16, 2024 10:36 PM PHT
Philippine Health Insurance Corporation (PhilHealth) manually process their members’ transactions at PhilHealth National Capital Region Central Branch in Quezon City on Tuesday, September 28. Maria Tan, ABS-CBN News/FileMANILA — The Philippine Health Insurance Corporation (PhilHealth) assured its members on Monday that it will continue to provide health benefits despite the Bicameral Conference Committee’s decision to exclude the agency from government subsidies for 2025.
Philippine Health Insurance Corporation (PhilHealth) manually process their members’ transactions at PhilHealth National Capital Region Central Branch in Quezon City on Tuesday, September 28. Maria Tan, ABS-CBN News/FileMANILA — The Philippine Health Insurance Corporation (PhilHealth) assured its members on Monday that it will continue to provide health benefits despite the Bicameral Conference Committee’s decision to exclude the agency from government subsidies for 2025.In a video statement posted on PhilHealth’s official Facebook page, Emmanuel R. Ledesma, Jr., PhilHealth’s President and CEO, emphasized the organization’s financial strength and commitment to its members.
In a video statement posted on PhilHealth’s official Facebook page, Emmanuel R. Ledesma, Jr., PhilHealth’s President and CEO, emphasized the organization’s financial strength and commitment to its members.
“The decision of the Bicameral Conference Committee reflects its wisdom. The Bicam understands PhilHealth's capacity to continue managing the National Health Insurance Program given its surplus funds,” Ledesma said.
“The decision of the Bicameral Conference Committee reflects its wisdom. The Bicam understands PhilHealth's capacity to continue managing the National Health Insurance Program given its surplus funds,” Ledesma said.
He revealed that as of October 2024, PhilHealth has reserves amounting to P281 billion and surplus funds of P150 billion. Additionally, the agency’s investment portfolio reached P489 billion as of November 2024.
He revealed that as of October 2024, PhilHealth has reserves amounting to P281 billion and surplus funds of P150 billion. Additionally, the agency’s investment portfolio reached P489 billion as of November 2024.
Ledesma assured members that PhilHealth would remain operational and continue enhancing its services despite the absence of government support.
Ledesma assured members that PhilHealth would remain operational and continue enhancing its services despite the absence of government support.
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“Rest assured, all PhilHealth benefits will continue to be paid and will even improve,” said Ledesma, emphasizing that the agency will remain dedicated to enhancing its benefit packages and reducing out-of-pocket expenses.
“Rest assured, all PhilHealth benefits will continue to be paid and will even improve,” said Ledesma, emphasizing that the agency will remain dedicated to enhancing its benefit packages and reducing out-of-pocket expenses.
The PhilHealth chief expressed confidence in the agency’s capacity to sustain its operations. He also reiterated PhilHealth’s commitment to universal health coverage, ensuring that Filipino families feel secure and supported in their healthcare needs.
The PhilHealth chief expressed confidence in the agency’s capacity to sustain its operations. He also reiterated PhilHealth’s commitment to universal health coverage, ensuring that Filipino families feel secure and supported in their healthcare needs.
Ledesma assured members that Philhealth is prepared to face the challenges ahead while strengthening its role in the country’s healthcare system.
Ledesma assured members that Philhealth is prepared to face the challenges ahead while strengthening its role in the country’s healthcare system.
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