DOF orders PhilHealth to remit P89.9B unused budget back to treasury, following Congress' order.
The Department of Finance (DOF) ordered the Philippine Health Insurance Corporation (PhilHealth) to remit its unused budget of P89.9 billion back to the treasury, per Congress' order. Finance Secretary Ralph Recto defended the agency's order to PhilHealth, stating it was following Congress' mandate. PhilHealth had over P500 billion in reserve funds, and the remittance would not affect members' benefits, according to Recto.
July 22, 2024
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