Drilon urges PhilHealth to pay P1.4-B debts with hospitals
By Angie M. Rosales 08/14/2011Sen. Franklin Drilon yesterday urged the Philippine Health Insurance Corp. (PhilHealth) to tap its P90.7-billion reserve fund to settle the hospital claims amounting to P1.4 billion.
The chairman of the Senate finance committee took note of reports on supposed “very slow pace” by which the state health insurer would service claims from hospitals even PhilHealth officials admitted that its reserve funds as of July this year is over P90 billion.
“They have a reserve fund of about P90 billion which is way above what is required by law,” Drilon said, noting that the health insurer is mandated to keep its reserve level at about P30 billion which is equivalent to two years of compensable fees.
During the budget hearing of the Health department, PhilHealth president and CEO (chief executive officer) Rey Aquino said the current balance of PhilHealth to hospital claims stood at P1.4 billion..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/nation/20110814nat1.html
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