Vivant Reports 1H2026 Core Net Income Of PHP784 Million As Power Generation Remains The Largest Contributor While Share Of Water Business Grows

Vivant Corporation posted PHP784 million in core net income for the first half of 2026, with power generation remaining its largest earnings contributor.

Pag-IBIG Fund Net Income Up 24% To PHP41.35 Billion In First Half Of 2026

Pag-IBIG Fund posts record first-half net income of PHP41.35 billion, reflecting stronger earnings and disciplined cost management.

Borromeo Motoring Group Signs New RES Deal For 20 Luzon Dealerships

Borromeo Motoring Group taps COREnergy to manage power more strategically across 20 Luzon dealerships and automotive facilities.

Two Founders, One Purpose: How Joel Cabugos And Jax Reyes Built KasKasan Buddies

KasKasan Buddies grew from the complementary strengths of Joel Cabugos and Jax Reyes, whose shared vision placed financial education and community value at the center.

Lawmaker: Fast-Track Implementation Of PhilHealth Coverage Hikes

After a recent increase in the hemodialysis package, Rep. Lee calls on PhilHealth to act quickly for broader healthcare coverage. The public deserves immediate action.

Lawmaker: Fast-Track Implementation Of PhilHealth Coverage Hikes

2,554
2,554

How do you feel about this story?

Express Your Reaction
Like
Love
Haha
Wow
Sad
Angry

Agri Party-list Rep. Wilbert Lee on Monday urged the Benefits Committee (BenCom) of the Philippine Health Insurance Corporation (PhilHealth) to immediately convene for the implementation of increases in essential benefit packages.

Lee issued the call after the Department of Health (DOH), which leads the BenCom, announced the increase in the hemodialysis package rate from PHP4,000 to PHP6,350 per session.

“We thank the DOH and PhilHealth for heeding our call to increase the coverage in medical treatments like hemodialysis. But our question is: why are increases done on a piecemeal basis?” Lee said in Filipino in a news release.

“If the DOH, through BenCom, can promptly convene and increase certain PhilHealth benefit packages, why can’t it be done with the coverage of other case rates with their enormous available funds?,” he added.

Lee was among the legislators from both the House of Representatives and the Senate who were frustrated over the long overdue increase of essential benefit packages of PhilHealth.

Citing PhilHealth’s financial report, Lee said as of March 2024, the state health insurer has around PHP612 billion, of which PHP467 billion are reserve funds, and PHP374 billion in investible funds.

“With the hundreds of billions of PhilHealth funds, PhilHealth should immediately implement increased coverages of other major diseases and costly hospital operations,” he said.

He said these include cancer treatment, coronary artery disease, magnetic resonance imaging (MRI), positron emission tomography (PET) scan, CT scan, maternity care, dental care, eye care, emergency care, and comprehensive outpatient benefit package, among others.

Lee earlier filed House Resolution 2015, urging DOH Secretary Teodoro Herbosa Jr. to convene the BenCom.

In the interest of transparency and accountability, Lee urged that the discussion of the BenCom must be livestreamed so that the public can stay informed about what’s transpiring in the deliberation of their entitlements and benefits in PhilHealth.

“The present discussions are where to invest or use the excess funds of PhilHealth. This should not be debated: Funds for healthcare should be used for healthcare,” he said.

“Medicines and treatment should be shouldered by the government to ease our countrymen’s fear that they would be mired further in debt and poverty if they got sick because they don’t have the means to buy medicines or pay the hospital bill. This is everybody’s fight, let’s do it now.” (PNA)