The Philippine Health Insurance Corporation (PhilHealth) has confirmed gaining cash surplus of P3.4 billion in the first five months of the year after it posted a P4.75-billion net loss in 2017. The state agency said that its current cash position is "enough guarantee that it has the liquidity to pay its obligations to accredited providers serving its members" after concerns were raised over its funds sustainability. As of May, PhilHealth acting President and CEO Roy Ferrer said the agency has a cash funding of P36.9 billion which came from the positive beginning balance of P33.5 billion, and the additional net cash inflow of P3.4 billion as of May 31, 2018, due to fresh premium pa...
Keep on reading: PhilHealth reaps P3.4-B cash surplus
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