Health maintenance organization (HMO) Carehealth Plus Systems International has been placed under conservatorship by the Insurance Commission (IC) due to complaints of inability to provide claims. The IC said in a statement Monday, April 8 that Carehealth will be put under conservatorship to...
Financial woes of health maintenance organizations (HMOs) in the country deepened last year amid surging benefits and claims, the Insurance Commission (IC) reported. According to the IC, the HMO industry reported a net loss of P4.27 billion over the period of January to December 2023, nearly...
Two of President Marcos’ economic managers are pushing for the integration of healthcare coverage as a part of the compensation package for all government employees. Budget Secretary Amenah F. Pangandaman and Finance Secretary Ralph G. Recto both said that the government is now considering...
As the Philippines grapples with increasing healthcare costs, the government is gearing up to conduct a morbidity study aimed at determining reasonable premium rates for insurance companies. The Insurance Commission (IC) and the Actuarial Society of the Philippines (ASP) have joined forces to...
The Insurance Commission (IC) raked in more than half-a-billion-pesos from registration and supervision fees last year, largely fueled by examination fees paid by insurance agents. The IC's data revealed that the agency collected over P518 million from January to December 2023, a 3.83 percent...
(MANILA BULLETIN) A P1,000 monthly maintenance aid for senior citizens will get institutionalized if and when this measure from ACT-CIS Party-list becomes a law. House Deputy Majority Leader ACT-CIS Party-list Rep. Erwin Tulfo led the filing of House Bill...
The health maintenance organization (HMO) industry recorded a net loss in the first half of the year, reversing the previous year's profit, data from the Insurance Commission (IC) showed. According to the recently released IC report, the HMO sector registered losses amounting to P1.186 billion from...
The Department of Public Works and Highways (DPWH) has completed the construction of the P29,383,828.33 million permanent bridge along Marcos Alvarez Road in Las Piñas City. DPWH Las Piñas-Muntinlupa District Engineering Office (LPMDEO) District Engineer Isabelo Baleros explained that the...
Benefits and claims paid by health maintenance organizations (HMOs) rose in the third-quarter last year driving by increasing medical needs of the Filipino people, the Insurance Commission said. In a statement on Thursday, Jan. 19, Insurance Commissioner Dennis B. Funa said health care benefits and...
In a media briefing last week, Department of Energy (DOE) Undersecretary Rowena Cristina Guevara said that the Luzon grid could be distressed with 12 incidents of yellow alerts for eight months this year, a condition in the power system entailing insufficiency of power reserves. This forecast is...
Razon-led Prime Energy, operator of the depleting Malampaya gas field, said all contingency measures have been prepared during the facility’s two-week maintenance shutdown on February 4-18 this year. In a statement, Prime Energy General Manager Sebastian Quiniones explained that the scheduled...
DepEd / MANILA BULLETIN The Department of Education (DepEd) announced that the budget for Maintenance and Other Operating Expenses (MOOE) has been increased to P50,000. DepEd Undersecretary for Finance Annalyn Sevilla, in a Facebook post, said that the MOOE budget “can now be used to buy for any...
