Connect with us

Business and Economy

PhilHealth execs told to fix info system

Published

on

Dominguez said PhilHealth officials claim the agency spent about PHP2.1 billion for their information system “when in fact, they spent close to PHP200 billion.” (File Photo: Philippine Health Insurance Corporation/Facebook)

MANILA – Finance Secretary Carlos Dominguez III on Thursday said officials of the Philippine Health Insurance Corporation (PhilHealth) have been asked to put in order their questionable information system since October 2019.

During the joint briefing of the National Economic and Development Authority (NEDA) and the inter-agency Development Budget and Coordination Committee (DBCC), Dominguez said Department of Finance (DOF) officials cannot make secure projections on PhilHealth’s fund life, or the period wherein their funds can finance their expenses and liabilities as its information system is not fit for this.

“Their information system is and I’ve used this term publicly, is in shambles. And we’ve pointed this out to them since October of last year,” he said.

Dominguez said PhilHealth officials claim the agency spent about PHP2.1 billion for their information system “when in fact, they spent close to PHP200 billion.”

“And they have no way or their information system is not robust enough to capture all the data,” he said.

If the state agency that was tasked to implement universal health coverage for the country will have a good information system, the DOF would be able to make not just a one-year projection but a 10-year projection for PhilHealth’s fund life, Dominguez said.

“As of now, I will take their word that probably by 2021 or late 2021 or late 2022 they may run out of money and that is why, we have in our budget for this year. I believe it is around PHP70 (billion) or around PHP80 billion to subsidize PhilHealth,” he said.

Dominguez, however, said “in the long term, we have to fix up the administration of PhilHealth in order to be able to get a good handle of what exactly their liabilities and fund life are.”

PhilHealth officials said the agency’s funds are now short especially because of the expenses of members who got hospitalized due to the coronavirus disease pandemic.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Headline2 weeks ago

Why We Chose an Intimate Wedding — And Why More Couples Are Doing the Same

Every wedding anniversary takes me back to one of the most magical days of our lives and reminds me why...

Headline3 weeks ago

Celebrating Turning 58

Birthdays have a way of making us pause—not to count the years we’ve lived, but to appreciate the countless blessings...

Lifestyle2 months ago

The Painful Reality of Losing Someone

Recently, I experienced the painful reality of losing someone through others. One friend lost her fiancé to death, while another...

Headline2 months ago

The Sobering Reality of Growing Old

Growing old brings a sobering reality: time is finite.  You watch your body slow down, see your parents age, and...

Lifestyle2 months ago

Dr. David Suzuki’s Legacy: A Celebration at 90

Celebrating Dr. David Suzuki’s 90th birthday on Friday, May 22  was a true privilege and a great pleasure! My husband,...

Lifestyle3 months ago

What I Know Now About Motherhood

Did you know that a mother’s cells can live in her child’s body for their entire lives? This fascinating phenomenon...

Headline3 months ago

Age with Audacity

At 25, I imagined life at 50 would mean I’d be past my prime and grumpy.  Little did I know,...

Lifestyle4 months ago

Spring Clean Your Body, Mind and Home

Spring has sprung! This season is perfect for spring cleaning, but why stop at our homes?  We can also rejuvenate...

Lifestyle5 months ago

Hear Us Roar

There is absolutely nothing wrong with a woman who wants her happily ever after. I certainly did. After 21 years...

Lifestyle5 months ago

The Real Rich

Margaret Atwood aptly captured this dynamic with the phrase, “Old money whispers, new money shouts.”  Let me elaborate on this...