PhilHealth makes P500-M partial payment for Red Cross’ COVID-19 tests | Inquirer News

PhilHealth makes P500-M partial payment for Red Cross’ COVID-19 tests

/ 07:13 PM October 27, 2020

MANILA, Philippines — The Philippine Health Insurance Corporation (PhilHealth) has made a P500 million partial payment for its P930 million debt to the Philippine Red Cross (PRC) due to the COVID-19 tests conducted by the latter.

In a statement on Tuesday, PhilHealth said that the remaining balance would be paid according to government rules and regulations.


PhilHealth’s debt to PRC was for the COVID-19 tests of overseas Filipino workers (OFWs) who returned to the country following the pandemic’s economic effect worldwide.

“[PhilHealth] today released PHP 500 million as partial payment to the Philippine Red Cross. It will expedite processing of the remaining balance following strict compliance to government accounting rules and regulations,” PhilHealth said.


According to Philhealth President and Chief Executive Officer Dante Gierran, this move was also meant to shut down claims that the state-owned insurer has been reckless in managing premiums made by Filipinos.

“PhilHealth takes exception to the insinuation that it is reckless and is playing on people’s lives. Its prudence in taking charge of its members’ hard-earned contributions is central to the state health insurer,” Gierran explained.

“Its exercise of judiciousness is to protect the people and their funds,” he added.

PhilHealth was supposed to settle its debt on Monday, October 26, to resume its swab testing of possible COVID-19 patients. [ac]

For more news about the novel coronavirus click here.
What you need to know about Coronavirus.
For more information on COVID-19, call the DOH Hotline: (02) 86517800 local 1149/1150.

The Inquirer Foundation supports our healthcare frontliners and is still accepting cash donations to be deposited at Banco de Oro (BDO) current account #007960018860 or donate through PayMaya using this link .

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: 2019 Novel Coronavirus, 2019-nCoV, COVID-19, COVID-19 pandemic, COVID-19 tests, GCQ, general community quarantine, lockdown, nCoV update, OFWs, Overseas Filipino Workers, P500 million, partial payment, Philhealth, Philippine Health Insurance Corporation, Philippine news updates, Philippine Red Cross, PRC
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2020 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.