President Ferdinand Marcos Jr. announced his intention to prioritize public access to quality healthcare through the implementation of the Philippine Health Insurance Corporation’s (PhilHealth) premium rate hike for this year. However, his final decision is pending as he reviews the appeal made by Health Secretary Teodoro Herbosa to defer the increase in members’ contributions.
In a recent interview with Integrated News’ ’24 Oras,’ President Marcos Jr. emphasized the importance of weighing the cost-benefit ratio of the rate hike. He challenged proponents of the increase to demonstrate the tangible benefits that would result from the additional contribution. “What will be the increase in services? What will you be able to cover? What more will you be able to cover?” he questioned. President Marcos Jr. acknowledged the difficulty in quantifying the value of health, as it holds different significance for different individuals.
Health Secretary Herbosa had written a letter to the President, requesting a delay in the implementation of the rate increase. Herbosa argued that the raise would not significantly impact PhilHealth’s cash flow. In response, Malacañang stated that “the President is studying the request,” indicating that a thorough evaluation of the proposal is underway.
The decision to increase the premium rates aligns with the Universal Health Care (UHC) law, enacted in 2019 during the administration of former President Rodrigo Duterte. The UHC law mandates a gradual increase in the PhilHealth contribution rate, reaching 5 percent by 2024.
Last year, an increase of 4.5 percent was scheduled to take effect. However, President Marcos Jr. suspended the implementation, along with the income ceiling hike, due to the ongoing impact of the COVID-19 pandemic on PhilHealth members.
President Marcos Jr.’s consideration of the rate hike demonstrates his commitment to improving healthcare access for the Filipino public. By evaluating the potential benefits and ensuring a fair balance between contributions and services, the President aims to enhance the quality and scope of healthcare coverage provided by PhilHealth.
It is important to note that the decision-making process involves careful evaluation of the impact on PhilHealth’s financial stability and the well-being of its members. President Marcos Jr. recognizes the need to strike a balance that supports the sustainability of the healthcare system while addressing the immediate needs of the population.
The ongoing pandemic has underscored the significance of accessible and affordable healthcare. As the nation continues to navigate the challenges posed by COVID-19, the government’s commitment to strengthening the healthcare sector is crucial. The rate hike, if implemented, would contribute to the long-term goal of achieving universal healthcare coverage in the Philippines.
In conclusion, President Marcos Jr.’s consideration of the PhilHealth premium rate hike reflects his dedication to improving healthcare access for all Filipinos. By carefully evaluating the cost-benefit ratio and weighing the impact on PhilHealth’s financial stability, the President aims to enhance the quality and scope of healthcare services provided to the public. As the nation moves forward, the pursuit of universal healthcare coverage remains a top priority, ensuring that every Filipino has access to the healthcare they need.
Source: The Manila Times
