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The Philippine Health Insurance Corporation (PhilHealth) is a tax-exempt, government-owned and controlled corporation (GOCC) of the Philippines that provides health insurance to the country. It was created on 1995 to implement universal health coverage in the Philippines , and is attached to the Department of Health .
[5] A total of ₱96.336 billion was allocated to the DOH in the 2017 national budget, which includes funds for the construction of additional health facilities and drug rehabilitation centers. Ubial said poor patients in government hospitals do not even have to present PhilHealth cards when they avail of assistance.
The private sector is market-oriented, with healthcare paid for through user fees. The Philippine Health Insurance Corporation (PhilHealth) was established in 1995 to provide financial protection for Filipinos, and its membership has grown significantly in recent years. [26]
The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG Fund (acronym of its Filipino name: Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno [a]), is a government-owned and controlled corporation under the Department of Human Settlements and Urban Development of the Philippines responsible for the administration of the national savings program and affordable ...
The Supreme Court, in a decision dated December 7, 2021 and only publicized in September 2022, declared unconstitutional two subsections which imposed new taxes on Philippine Offshore Gaming Operator licensees: Section 11(f) (5% franchise tax on gaming operations) and Section 11(g) (taxes on non-gaming operations, including income and VAT).
Defined benefit (DB) pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum, or combination thereof on retirement that depends on an employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns.
In less than two years of governance, these are the accomplishments of Mayor Matt Palabrica's administration: On health: it has enrolled 2,120 households with 306.36% coverage under Philhealth Indigency Program and the accreditation of RHU for PhilHealth Programs.
A defined contribution (DC) plan, is a pension plan where employers set aside a certain proportion (i.e. contributions) of a worker's earnings (such as 5%) in an investment account, and the worker receives this savings and any accumulated investment earnings upon retirement. [21]