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The House Committee on Appropriations  Senior Vice Chairperson and Marikina City 2nd district Rep. Stella Luz Quimbo presides over the hearing scrutinizing the proposed P2.037-billion budget of the Office of the Vice President (OVP) on August 28, 2024.  House of Representatives

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OVP Budget Hearing

Nicole Agcaoili

ABS-CBN News

<div><span class="fr-img-caption fr-fic fr-dib" style="width:960px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/172546646013920240828-sara-duterte-hor-budget-hearing-2.jpg" style="width:960px" class="fr-fic fr-dib" alt="The House Committee on Appropriations  Senior Vice Chairperson and Marikina City 2nd district Rep. Stella Luz Quimbo presides over the hearing scrutinizing the proposed P2.037-billion budget of the Office of the Vice President (OVP) on August 28, 2024.  House of Representatives"/><span class="fr-inner" style="text-align:left">The House Committee on Appropriations  Senior Vice Chairperson and Marikina City 2nd district Rep. Stella Luz Quimbo presides over the hearing scrutinizing the proposed P2.037-billion budget of the Office of the Vice President (OVP) on August 28, 2024.  <em>House of Representatives</em></span></span></span></div><div><span data-teams="true" id="isPasted"><span dir="ltr">MANILA -- Marikina 2nd District Representative Stella Quimbo on Wednesday reminded the Philippine Health Insurance Corp. (PhilHealth) to work quadruple time to increase its 2024 budget spending.</span></span></div><div><span data-teams="true"><span dir="ltr">Quimbo made the remark during a budget hearing on the proposed fiscal year 2025 budget of the Department of Health where PhilHealth Senior Vice President for Fund Management Renato Limsiaco Jr. said they have already paid providers a total of P75 billion as of June 30.</span></span></div><div><span data-teams="true"><span dir="ltr">This, according to Quimbo might end up in another surplus fund situation.<br/></span></span></div><div><a class="fr-green fr-strong" href="https://news.abs-cbn.com/news/2024/9/4/lawmaker-to-defer-doh-s-2025-budget-if-philhealth-fails-to-improve-benefits-coverage-1905">Lawmaker to defer DOH’s 2025 budget if PhilHealth fails to improve benefits, coverage</a><span data-teams="true"><span dir="ltr"></span></span></div><div><span data-teams="true"><span dir="ltr">It can be recalled that PhilHealth totaled P89.9 billion excess funds from the government allocations in the last three years.</span></span></div><div><span data-teams="true"><span dir="ltr">&quot;P75 billion palang payout ninyo. So dapat ang expectation natin lagpas P100 billion na po dapat. Which means nasa isang surplus fund situation na naman po tayo,&quot; said Quimbo.</span></span></div><div><span data-teams="true"><span dir="ltr">&quot;Considering that naghahabol tayo sa pagbabayad ng utang. You should be spending more than P75 billion in this point of time. A simple arithmetic lang po. 140 divided by 12 then you should know your monthly target,&quot; she said.</span></span></div><div><span data-teams="true"></span><a class="fr-green fr-strong" href="https://news.abs-cbn.com/news/2024/9/4/philhealth-vows-to-hike-benefit-rates-by-50-pct-in-2024-1916">PhilHealth vows to hike benefit rates by 50 pct in 2024</a><span data-teams="true"><span dir="ltr"></span></span></div><div><span data-teams="true"><span dir="ltr">PhilHealth president and chief executive officer Emmanuel Ledesma Jr. replied, &quot;We would quadruple ramp up, madam chair.&quot;</span></span></div><div><span data-teams="true"><span dir="ltr">According to Limsiaco, they have increased payout of P10 billion or less this year, as compared to the previous year.<br/></span></span></div>

<p>Marikina 2nd District Representative Stella Quimbo on Wednesday reminded the Philippine Health Insurance Corp. (PhilHealth) to work quadruple time to increase its 2024 budget spending.</p>

Marikina 2nd District Representative Stella Quimbo on Wednesday reminded the Philippine Health Insurance Corp. (PhilHealth) to work quadruple time to increase its 2024 budget spending.

Quimbo reminds PhilHealth to speed up 2024 budget spending

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Quimbo reminds PhilHealth to speed up 2024 budget spending

Nicole Agcaoili,

ABS-CBN News

Published September 05, 2024 12:16 AM PHT

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Renato Limsiaco Jr.

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