PhilHealth has 5 years to live, exec claims

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The state-run Philippine Health Insurance Corp. (PhilHealth) may only last five years, or until 2027, if the Filipino taxpayer will not pay for life-saving subsidies and an increase in premium

“The estimated actuarial life for now is until 2027,” Nerissa Santiago, acting senior vice president of PhilHealth, the same official who told senators last year that PhilHealth may collapse in 2022 if the global COVID-19 pandemic persists, told members of the House of Representatives.

To bolster her claim, Santiago said the state health insurer would face a net loss of P57 billion in 2022 because of the pandemic. Santiago blamed the cost of the benefits extended to members during the COVID-19 pandemic, but she made no mention of the costs of the irregualrities for which PhilHealth is now being separately investigated by both houses of Congress.

 

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