TACLOBAN CITY- A top official of the Philippine Health Insurance Corp. (PhilHealth) allayed fears of the public that the country’s main health insurer company is facing financial problems.
Renato Limsiaco Jr., officer-in-charge as senior vice president for fund management sector, said that PhilHealth remains to be ‘liquid’ with more than enough cash position to pay claims of its more than 50 million direct members.
“As of July 6,2018, we have P70 billion cash position. In other words, PhilHealth is very much liquid. PhilHealth has more than enough money to pay the monthly payments, so wala tayong problema,” Limsiaco said over the weekend.
“Mayroon tayong pondo para pambayad ng claims para sa taong ito. So on the report that PhilHealth has no money, forget about it.We have lots of money to pay the claims of our members,” he added.
Limsiaco said that the fund stability of PhilHealth was assured by its president, Roy Ferrer.
And on top of their own fund, PhilHealth has just received notice of cash allocation from the Bureau of Treasury of P27 billion on July 5 for this year.
Limsiaco said that PhilHealth monthly payout is about P8 billion.
And for this year, PhilHealth paid P51.8 million, representing 5.3 million claims at an average of P9,811 per member or patient.
Earlier, fears that the funds of PhilHealth will be depleted came about amid report of the P10.6 billion diversion of funds used for the construction of health centers during the previous administration.
The said fund was intended for the premiums for senior citizens covering the 2015 period.
The reported diversion of the P10.6 billion is now being investigated by the Senate. (JOEY A. GABIETA)