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DBM to pay P43 B for senior citizens' health insurance

Business | Banking & Finance

DBM to pay P43 B for senior citizens' health insurance

By Chino S. Leyco

The Department of Budget and Management (DBM) announced that the government will pay the one-year health insurance premiums of senior citizens nationwide. In a statement, Budget Secretary Amenah F. Pangandaman said that DBM will release P42.93 billion to settle the health insurance premiums of over 8.5 million senior citizens for 202. The Special Allotment Release Order (SARO) and its corresponding Notice of Cash Allocation (NCA) were approved by the Budget Secretary on 04 April 2023. A total of 8,586,271 enrolled senior citizens are expected to benefit from the allotment. “From the start, the directive of President Bongbong Marcos has been very clear—- this government must ensure that our senior citizens have the support and resources they need to thrive,” Pangandaman said. “Our elderly will always remain vital members of our society who have spent many of their productive years not only in improving the lives of their family members but also in contributing to their communities,” she added. Under the FY 2023 General Appropriations Act (GAA), P79 billion is allocated to cover the payment of health insurance premiums of indirect contributors, including seniors. Pursuant to Republic Act No. 10645, otherwise known as the Expanded Senior Citizens Act of 2010, all senior citizens shall be covered by the National Health Insurance Program (NHIP) of PhilHealth. Funds necessary to ensure the enrollment of all senior citizens not currently covered by any existing category shall be sourced from the National Health Insurance Fund of PhilHealth from proceeds of Republic Act No. 10351 or the Sin Tax Law.

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Department of Budget and Management DBM Budget Secretary Amenah F. Pangandaman

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