The Philippine Health Insurance Corp. (PhilHealth) on Tuesday announced its net income during the first half of the year grew by P4.6 billion, allaying fears raised by the Commission on Audit (COA) that it may no longer be financially sustainable.
PhilHealth Acting Senior Vice President for Management Renato L. Limsiaco, in a news briefing, attributed the trend to the 8-percent growth in their premium income this year.
From P55.2 billion during the first six months of 2017, PhilHealth’s premium income increased to P59.78 billion.