The House of Representatives will investigate PhilHealth’s management of its funds after discovering billions of pesos in “excess” reserves. Speaker Martin Romualdez proposed suspending member contributions and expanding benefits if surplus funds remain underutilized. Lawmakers criticized PhilHealth for prioritizing investments over healthcare, despite its surplus of P150 billion and an investment portfolio nearing P489 billion. PhilHealth officials defended their practices but announced plans to increase coverage for case rate packages. The probe aims to redirect funds to better serve the 110 million Filipinos reliant on affordable healthcare.
HOUSE TO PROBE PHILHEALTH FUNDS AND EXCESS RESERVES
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