Healthcare benefits and claims paid out by health maintenance organizations (HMOs) rose by 19 percent to PHP36.29 billion in the first half of the year, according to the Insurance Commission (IC).
Total expenses, including taxes, also climbed by 19.53 percent to PHP45.56 billion.
Despite higher payouts, the HMO industry posted stronger revenues, which grew by 21.3 percent to PHP47.03 billion from PHP38.7 billion a year ago.
Net income of HMOs surged by 131 percent to PHP1.47 billion, compared to PHP636.6 million in the same period last year.
The IC said these figures indicate the continued growth and profitability of the HMO industry.
Source: PhilNews24 | August 28, 2025
HMO HEALTHCARE PAYOUTS RISE 19% IN FIRST HALF OF THE YEAR
Latest from Business
Jollibee Group’s South Korean coffee brand, Compose Coffee, has earned the highest customer satisfaction rating among
The country’s agricultural output rose 2.6 percent in 2025 to nearly P1.8 trillion, marking the highest
Britain’s Competition and Markets Authority (CMA) proposed allowing website publishers to opt out of having their
Local government units (LGUs) have received a P1.19-trillion national tax allotment (NTA) for 2026, providing funds
Property giant Megaworld Corp. is set to introduce AI-powered homes this year in partnership with global