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PhilHealth premium should remain at 4%, says Quimbo

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PhilHealth's premium rate should remain at 4% of a member’s monthly salary, given its huge earnings and limited coverage of healthcare expenses, Rep. Stella Quimbo said Wednesday.

State-run Philippine Health Insurance Corporation's premium rate should remain at 4% of a member’s monthly salary, given its huge earnings and limited coverage of healthcare expenses, House appropriations panel senior vice chairperson Stella Quimbo said Wednesday.Quimbo made the remark during a public hearing conducted by the House health panel, saying that PhilHealth is expected to generate P173 billion from premiums alone.“This amount does not even include income from investments.

5%, but this has since been deferred by President Ferdinand "Bongbong" Marcos, Jr. thus retaining the 4% of salary monthly premium rate.The PhilHealth premium rate is scheduled to go up to 5% in 2025.“The problem with PhilHealth premium rates is that it's on a schedule under the law. That is why I will propose, perhaps, that we should do away with the schedule,” Quimbo added.

Source: News Formal (newsformal.com)

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