PhilHealth Assures Ample Funds For COVID-19 Patients

PhilHealth Assures Ample Funds For COVID-19 Patients


Phoenix Introduces New FamilyMart Retail Format Through Cebu Stores

FamilyMart opens three new compact stores in Cebu, offering a unique customer experience in response to the effects of the COVID-19 pandemic.

Globe Introduces Mobile Health Solution With GoHealth

For just P20, you can now enjoy up to P,1000 health insurance from Pacific Cross!

SM Wins 15 Awards From HK’s CG Asia Magazine

SM Investments Corporation continues to be recognized abroad as it recently bagged 15 awards in the 10th Asian Excellence Awards 2020 of Hong Kong magazine Corporate Governance Asia.

GSIS Offers Computer Loan For Members

GSIS, ilulunsad ang Computer Loan Program upang matulungan ang mga miyembro nito at kanilang pamilya sa pagbili ng computer o laptop na gagamitin para sa kanilang mga trabaho o virtual classes ng kanilang mga anak.

The Philippine Health Insurance Corporation (PhilHealth) assured it has enough funds to cover the health packages of coronavirus disease 2019 (Covid-19) patients.

During a virtual meeting of the House of Representatives’ Defeat COVID-19 Committee, PhilHealth president and chief executive officer Ricardo Morales said the state-owned firm has PHP30 billion prepositioned to accredited hospitals to help them respond to the Covid-19 outbreak in the country.

Morales, however, admitted that PhilHealth is facing a shortfall in the insurance collection from its members.

“We anticipated this because everybody is cash-strapped. But before things get very critical, we can get over this and start to recover,” Morales said.

“But before the Covid-19 pandemic, we were already projecting a net loss because we were not given the funding which we asked to support the funding of the UHC [Universal Health Care]. However for the Covid pandemic, we are confident that we can support this requirement,” he added.

Morales said the total assets of the insurance firm stand at PHP221 billion.

“Our current assets are about PHP70 billion, that’s easily converted into cash. On top of that, we have investments and securities that can also be converted to cash of about PHP124 billion,” he said.

The insurance firm started limiting the cost of Covid-19 treatment on Wednesday with the new case rate package covering four categories: PHP43,997 for mild pneumonia, PHP143,267 for moderate pneumonia, PHP333,519 for severe pneumonia, PHP786,384 for critical pneumonia.

Prior to the new package, the PhilHealth has assured the public that it will “shoulder the full cost of treatment of Covid-19 cases until April 14, 2020.”

In its Advisory No. 2020-022 addressed to all accredited hospitals and health facilities in the country, PhilHealth clarified that “after the (said) date, we shall continue to provide financial coverage to CoViD cases thru a recomputed case rate.”, citing that “the reason for this accommodation window is due to the novelty and the wide range of severity of the disease in the country for which no existing case rate or package based on accepted protocols has yet been established.” (PNA)

Dar: Agri Modernization Key To Surviving Pandemic

Agriculture Secretary William Dar leads the harvesting of the different varieties of hybrid rice inside the 100-hectare demonstration farm of the Department of Agriculture in Caraga in Barangay Lemon.

Lenovo Offers With New Yoga Devices, Free Limited Edition Herschel Items

Check out the stylish looks of the Herschel Holiday Collection with Lenovo!

Celebrate The Holidays With MMFF 2020, Globe, And Upstream

Globe and its partners also encourages moviegoers to fight online privacy.

Globe Introduces Mobile Health Solution With GoHealth

For just P20, you can now enjoy up to P,1000 health insurance from Pacific Cross!

Roque: DepEd Needs Vehicles To Deliver Modules

Malacañang defends the purchase of over 100 service vehicles worth PHP1.5 million each, saying they will be used to deliver modules to students and teachers under the distance learning setup.

Tarlac City Residents Asked To Observe ‘Undas’ Guidelines

Tarlac City reminds residents to strictly comply with guidelines governing the observance of the All Saints’ Day or Undas.

Pangasinan Town Mulls Localized Lockdown

Pangasinan considers a localized lockdown in some barangays due to the increase in the number of residents testing positive for COVID-19.

Naming Of 9th Filipino Cardinal Brings Hope, Joy To PH

What can you say about this decision?

Ombudsman May Suspend Local Officials Over Delayed Aid

President Rodrigo Duterte warns local government officials anew that the Office of the Ombudsman could order their suspension over delays in the distribution of cash aid for low-income families.