PhilHealth Denies Reports Claiming it is on the Brink of Bankruptcy

The Philippine Health Insurance Corp. (PhilHealth) denied reports that it is on the brink of bankruptcy and its operating funds were only good for about six to ten months. According to PhilHealth President and CEO Alexander Padilla, the media misquoted or misunderstood Board member Eddie Dorotan, who disclosed that the corporation lost one billion pesos in 2015. During the inauguration of the Local Health Insurance Office (LHIO) in Legazpi City on Tuesday, Dorotan said PhilHealth earned 96 billion pesos and paid 97 billion pesos in health insurance coverage to its…

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