Paglipat ng PhilHealth ng P60-B sa Nat'l Treasury kahit may mga bayarin pa, kinuwestiyon ng SC | Balitanghali - video Dailymotion

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Transcript

00:00The oral arguments in the Supreme Court continued regarding PhilHealth's payment of Php 60 billion in the National Treasury.

00:08The Supreme Court's question to PhilHealth was,

00:11why did the fund return if there is a high value of the benefits that hasn't been paid yet?

00:17The agency explained in the news brought to you by Mark Salazar.

00:24The Supreme Court submitted to the PhilHealth's approach to answer the question,

00:29why did PhilHealth remit Php 60 billion to the National Government if there are still debts?

00:35Associate Justice Ami Lazaro Javier answered the question.

00:40Has PhilHealth paid all the recorded and recognized claims?

00:46Your Honor...

00:47Before it transferred the funds to the Treasury?

00:52Your Honor, in a certain cut-off date, Your Honor, definitely not all were paid and yet you transferred the funds already.

01:07In the 2021 financial statement of PhilHealth, which was audited,

01:11PhilHealth paid Php 1.16 trillion in benefits while its asset is only Php 347 billion.

01:20This means that PhilHealth's deficit is more than Php 816 billion.

01:25According to the adverse opinion of COA,

01:28PhilHealth did not follow the correct accounting standard and it is likely that their deficit is even bigger.

01:35Financial statements do not present fairly the financial position of PhilHealth.

01:41In short, the negative equity of PhilHealth may be way more than Php 816 billion.

01:49Even if you double up your assets, they're not enough to pay off your liabilities.

01:55The deficit gradually dropped to Php 26 billion in 2022 but it's still a deficit.

02:03From these assets, the law requires PhilHealth to set aside a portion called reserve funds

02:14precisely to cover payments for the claims of beneficiaries.

02:20And that portion has to be used exclusively for the claims, to pay the claims of the beneficiaries.

02:32And if there is an excess, then additional programs should be set up.

02:38And if there is still an excess in the excess, then investment may be made.

02:47But PhilHealth said that it will not pay all the debts at the same time.

02:51It can afford to collect the direct contribution of the members.

02:55Requirement of the law, Your Honor, particularly in Section 11, reserve fund for a maximum of 2 years, Your Honor.

03:04Is the reserve funds just in paper?

03:07Are you not supposed to reserve real money?

03:11You cannot predict when people get sick.

03:15The government corporate council of PhilHealth also said that PhilHealth is not a low-carotid

03:20because this is the government's answer.

03:22It is the state insurance company.

03:25It cannot be insolvent because by law,

03:28the government of the Philippines guarantees the financial viability of the program

03:35or the national health program administered by PhilHealth.

03:40Outside the Supreme Court, petitioners asked why they are returning to the government

03:46the 60 billion pesos they received from PhilHealth.

03:49PhilHealth's funds are not enough.

03:52The government abandoned its responsibility to give subsidies to indirect contributors,

04:03to the indigent, and now it is passing it to the contributors of the workers.

04:09It is clear that PhilHealth's funds are not enough for this reserve fund.

04:15It is not enough for us to say that as long as PhilHealth has a balancing fund, it is an excess fund.

04:21Dr. Tony Leachon also filed a petition against the government and Congress

04:26for giving a zero budget to PhilHealth for 2025.

04:31The oral argument is still ongoing in the Supreme Court.

04:34Mark Salazar reporting for GMA Integrated News.

04:45For more information visit www.gma.gov

Paglipat ng PhilHealth ng P60-B sa Nat'l Treasury kahit may mga bayarin pa, kinuwestiyon ng SC | Balitanghali

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