The Philippine Health Insurance Corp. (PhilHealth) denies being on the brink of bankruptcy, insisting that it remains a "sound and stable institution" with close to P7 billion in net income in the first half of 2018. The state insurance firm received around P59.8 billion in premium collections from January to June, which is higher by P4.6 billion when compared to the same period the previous year, Roy Ferrer, acting president and chief executive officer, said on Tuesday. As of June 2018, Ferrer said that PhilHealth had already paid close to P53 billion in claims, of which a quarter went to the medical care of senior citizens and lifetime members. Of the total claims, he added, P...
Keep on reading: PhilHealth remains ’sound and stable,’ says CEO
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