MANILA, Philippines — With tests for the coronavirus disease (COVID-19) chargeable to the Philippine Health Insurance Corp. (PhilHealth) reaching P25 million a day, the state insurer’s standing debt to the Philippine Red Cross (PRC) has now ballooned to P623 million.
“It’s really the non-payment of bills on time that is killing us here because they owe us now, as of December 1, P623 million,” PRC chairman Senator Richard Gordon said in an interview over ABS-CBN News Channel on Wednesday.
“It’s a moving target…We are consuming about P25 million a day in testing, it keeps moving and moving,” he added.
As of Nov. 6, PhilHealth has paid P700 million of itsdebt to t…
Keep on reading: With P25M in COVID-19 tests daily, PhilHealth debt to PRC balloons to P623M