PhilHealth Insurance Corporation (PhilHealth) is in bad financial shape because P10.6 billion of its fund was funneled to the Department of Health in 2015, Philhealth Executive Vice President and Chief Operating Officer Ruben Basa revealed on Tuesday.
“(The) management found that there was no valid waiver by PhilHealth of the P10.6 billion senior citizens fund. The matter was not present (to) nor approve by the PhilHealth Board of Directors,” Basa told legislators during the joint oversight hearing on the state of PhilHealth’s finances.
Basa said previous Health Secretary Janette Garin and previous PhilHealth Chairman Alex Padilla
composed the Department of Budget and Management (DBM) in 2015 to request the arrival of the
P10.6 billion-store to the Health Department to increase its wellbeing offices upgrade program.
Indeed, even without the board’s endorsement, they utilized the cash to fund the development
of barangay wellbeing facilities, Basa said.
He include that the exchange of assets influence the anticipate life span of Philhealth’s assets
since its coffers may run dry by 2022 unless advances are take to recharge it.
“Nakabawas siya sa maintainability ng programa, nakabawas siya sa save stores kaya ngayon kumain na ‘yung binayaran natin noong 2015 sa hold stores [It influenced the program’s manageability on the grounds that the save reserves were utilized to discharge premiums for senior natives in 2015],” he said.
Basa said that DBM educated them a year after that PhilHealth’s assets have been exhaust.
Gone after remark, Garin give a false representation of Basa’s cases, saying these were “not perceive by DBM.”
“Why spend for undiscovered wage? Offenders of misrepresentation, are searching for a substitute on the genuine explanations for their shocking money related circumstance,” Garin said.
She additionally said that “a significant number of the asset people being use (in the joint hearing) are imperile. Garin additionally required an outer and dependable review.