Statement | 16 December 2024
PhilHealth will continue to pay for the health benefits of all Filipinos, with or without government subsidy. It is our goal to finance the best care and benefits available.
The decision of the Bicameral Conference Committee reflects its wisdom. The Bicam understands PhilHealth’s capacity to continue managing the National Health Insurance Program given its surplus funds. Our financial position is strong and sufficient to sustain our operations, with a total of P281 billion in reserves and P150 billion in surplus funds as of October 2024. On the other hand, our investment portfolio as of November 2024 already reached P489 billion.
We shall do better to provide reasons for the provision of government subsidies, which are vital to ensuring long-term improvements.
We are deeply aware of the impact healthcare costs have on Filipino families, and we remain dedicated to enhancing our benefits packages and reducing out-of-pocket expenses so that every patient feels the security of their health insurance.
Rest assured: all PhilHealth benefits will continue to be paid, and will even improve. PhilHealth stands with every Filipino in our shared goal of achieving universal health coverage and a healthcare system that you can always trust and rely on. Together, we will overcome these challenges and continue to strengthen our commitment to your health and well-being.
Started in 1927, the Philippines Graphic is the longest-running printed magazine of national circulation that provides relevant news and features and promotes Philippine literature.
