Thursday, February 17, 2011

WITH P110B IN RETAINED EARNINGS, PHILHEALTH WON'T GO BUST — RECTO


by JERRIE M. ABELLA, GMA News
ralph rectoSen. Ralph Recto on Thursday criticized the Philippine Health Insurance Corp. (PhilHealth) for feeding the public the "disinformation" that it would go bankrupt should its retained earnings be used to address the country's healthcare infrastructure shortage. 

"With retained earnings of P110 billion, there's no way that PhilHealth will fall to the ground as professed by the treasury department of the agency," said Recto, chair of the Senate Ways and Means committee.
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