PhilHealth settles P800-million debt
The Philippine Red Cross (PRC) received P800 million from the Philippine Health Insurance Corp. (PhilHealth) as payment for the latter's outstanding balance of P1.1 billion for COVID-19 tests, its chairperson Senator Richard Gordon said in a report by GMA News.
Gordon said that aside from the P500 million that the state health insurer initially paid last month, it has settled P300 million more on a staggered basis.
"Ngayon, nagbabayad sila. Nakatatlong bayad na sila ng P100 million. So P800 million na ang naibayad nila... Pero diba nag-test kami ulit noong October 24, siyempre dumadagdag 'yang mga test na 'yan," he said at a virtual Kapihan sa Manila Bay.
In mid-October, the PRC halted conducting COVID-19 tests that are chargeable to PhilHealth due to the latter's growing debt.
Almost two weeks later, PhilHealth settled half of its obligations to the humanitarian organization.
This prompted PRC to resume its COVID-19 testing for those covered by the state health insurer.
President Rodrigo Duterte described the PRC as "mukhang pera" after the incident but Gordon believes the Chief executive was just misled.
The Philippines slipped seven spots in English proficiency ranking by international language training company Education First, according to a report by GMA News. The Philippines, which placed 20th last year, ranked 27 in the 2020 English Proficiency...
With the recent signing of the largest free trade deal, the Regional Comprehensive Economic Partnership (RCEP) Agreement, last 15 November 2020, the Philippines is set to carve a niche in the Asia-Pacific region as an ideal innovation hub, said Depar...
The clinical trial on the use of anti-viral drug Avigan started in the Philippines, after three months of delay, according to a report by CNN Philippines. Health spokesperson Maria Rosario Vergeire on Wednesday said the trial started on November 20 ...
Do you want to learn more about the challenges and predictions for the gambling industry in the Philippines? Find all answers in this article!