Trending Now
Prohibitions Increase Violence
Stiglitz and Capitalism: Remembering that Statists Mostly Win...
Yes, Governments Do Freeze Funds
ATI weighing new Ro-Ro berth to handle automobile...
Premium F&B seen as top tourism spending driver
Japan provides grant to set up Isabela rice...
Rice drying capacity set for 35-40% upgrade
Germany sees ‘untapped’ potential for PHL trade
Parol makers now governed by voluntary national standard
‘Budbud’ salt artisans given production tools
  • About Us
  • Contacts
  • Email Whitelisting
  • Privacy Policy
  • Terms and Conditions
DailyProfitTips.com
  • Editor’s Pick
  • Economy
  • Investing
  • Politics
  • World News
EconomyEditor's Pick

PhilHealth counting on ‘substantial’ receivables from PCSO, PAGCOR 

by October 15, 2025
October 15, 2025

THE Philippine Health Insurance Corp. (PhilHealth) said on Wednesday it is counting on expected funding from government gaming and charity agencies to expand its primary care services.

Edwin M. Mercado, president and chief executive officer said the Philippine Amusement and Gaming Corp. (PAGCOR) and the Philippine Charity Sweepstakes Office (PCSO) will provide “substantial” funding to expand benefits.

“This extra funding from PAGCOR (and) the PCSO is meant to expand the benefit coverage of which the primary care is definitely going to be part of. So that is what we are waiting for,” he said during a roundtable.

Mr. Mercado said programs to be funded include the Yaman ng Kalusugan Program para Malayo sa Sakit (YAKAP), which needs about P34 billion for 2026.

“From the time the (Universal Health Care Act) took effect in 2019 up to 2025, the receivables have reached around P106 billion,” he added.

Under UHC, 50% of the National Government’s share of PAGCOR income and 40% of the PCSO’s proceeds, net of documentary stamp tax payments and mandatory contributions, must be transferred to PhilHealth.

PhilHealth said there are currently 36 million Filipinos registered for YAKAP, an enhanced primary care benefit package covering consultations, indicated laboratory and cancer screening tests, and prescribed essential medicines.

PhilHealth is also looking to roll out its Guaranteed and Accessible Medications for Outpatient Treatment (GAMOT) program outside the National Capital Region within the end of this year. PhilHealth aims to reach other provinces by this year or 2026, reaching phase 4 of the rollout.

Mr. Mercado said 304 pharmacies accredited nationwide for the GAMOT program as of Sept. 30.

“Our target for the total registered this year is 50 million and our target for the total first patient encounters is 20 million (this year),” he said.

PhilHealth Vice-President Walter B. Bacareza said the health insurer is accelerating the payments of hospital receivables.

“I am very happy to say that PhilHealth is now paying at a turnaround time of 23 days. We have even regions that are paying in 10 days, 13 days,” he said.

Mr. Bacareza said the previously reported P59 billion in receivables owed to hospitals were denied due to lapse of the 60-day filing period, but more flexible treatment of claims has brought the total down to P10 billion. — Aubrey Rose A. Inosante

previous post
Socialism Always Leads to Totalitarian Tyranny
next post
Go pitches EU investors on ‘resilient’ PHL

Related Posts

Prohibitions Increase Violence

October 16, 2025

Yes, Governments Do Freeze Funds

October 16, 2025

ATI weighing new Ro-Ro berth to handle automobile...

October 16, 2025

Premium F&B seen as top tourism spending driver

October 16, 2025

Japan provides grant to set up Isabela rice...

October 16, 2025

Rice drying capacity set for 35-40% upgrade

October 16, 2025

Germany sees ‘untapped’ potential for PHL trade

October 16, 2025

Parol makers now governed by voluntary national standard

October 16, 2025

‘Budbud’ salt artisans given production tools

October 16, 2025

ECCP heads to Cebu for talks with biz...

October 16, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
    • About Us
    • Contacts
    • Email Whitelisting
    • Privacy Policy
    • Terms and Conditions

    Copyright © 2025 DailyProfitTips.com All Rights Reserved.

    DailyProfitTips.com
    • Editor’s Pick
    • Economy
    • Investing
    • Politics
    • World News