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NHA, PhilHealth Received Largest Subsidies in July

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Key Points

  • Philippine Health Insurance Corp. (PhilHealth) received an additional P4.1 billion in national government subsidies in July.
  • In July, total P17.9 billion in subsidies were given to government-owned and/or -controlled corporations (GOCCs), of which the largest amount went to the National Housing Authority (NHA) at P9.9 billion.
  • This year, Budget Secretary Wendel E. Avisado had said, PhilHealth would get P71.3 billion in subsidies.
  • Visit The Financial Today’s homepage for more stories.

Manila • Philippine Health Insurance Corp. (PhilHealth) received an additional P4.1 billion in national government subsidies in July, even as the state-run corporation was facing an investigation into suspected corruption in the firm in the midst of the pandemic.

In July, total P17.9 billion in subsidies were given to government-owned and/or -controlled corporations (GOCCs), of which the largest amount went to the National Housing Authority (NHA) at P9.9 billion.

Throughout the month, PhilHealth, which operates the national health insurance program, obtained the second largest subsidy, followed by P1.9 billion from the National Irrigation Administration.

Between January and July, GOCCs received a total of P187.5 billion in subsidies, of which the biggest share went to the Social Security System with P51 billion, which the state-run pension fund disbursed to the small business wage subsidy program of the Department of Finance.

End-July subsidy from PhilHealth amounted to P30.3 billion, the third-largest behind P37.7 billion from the National Food Authority for the first seven months.

This year, Budget Secretary Wendel E. Avisado had said, PhilHealth would get P71.3 billion in subsidies.

In line with the government’s response to the COVID-19 pandemic, the allocation for the national health insurance program amounts to P71.4 billion under the proposed national budget of P4.5-trillion 2021.

PhilHealth cornered P72.7 billion or 36 percent last year—the largest share among GOCCs—of the total 2019 subsidies of P201.5 billion, a record high.

PhilHealth has received the largest annual subsidy among state-run enterprises since 2014.

As authorized under the Bayanihan to Heal as One Act at the height of the COVID-19 lockdown, the Department of Budget and Management cut the planned budget assistance to government corporations from the P195.9 billion originally set aside under the P4.1-trillion 2020 budget by P10.7 billion to P185.3 billion.

These budget cuts have been realigned into programs, initiatives, and activities that address the health and socio-economic problems COVID-19 has inflicted.

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