MANILA, Philippines — Deferring the higher contributions for members of the Philippine Health Insurance Corp. (PhilHealth) may mean that its fund life will be shortened by six months by the year 2028, an official of the Bureau of the Treasury (BTr) warned Tuesday.
During the Senate health panel committee hearing, (BTr) Treasurer Rosalia De Leon said that the deferment will reduce the collection of PhilHealth by 17.7 percent or P15.6 billion when compared to the original projection in 2021.
“Aside from the impact of the proposed deferment, the drop in the number of payers of Covid-19 should also be considered. it is expected that there will be a decline in the number of payers…
Keep on reading: Treasury exec: Deferring PhilHealth contribution hikes may shorten insurer’s fund life