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Friday, October 2, 2020

BREAKING: PhilHealth To Go Bankrupt Next Year Says Executives

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BREAKING: PhilHealth Executives Admits Health Insurance Firm To Go Bankrupt Next Year

PHILHEALTH TO GO BANKRUPT – In an unprecedented turn of events, executives of the state-run Insurance firm “PhilHealth” said the company would file for bankruptcy next year.

Recently, PhilHealth was involved in several issues of corruption and laundering of money through questionable purchases. The most notable of these were the firm’s IT project with grossly overpriced hardware, software, and IT equipment.

Among the overpriced software was Adobe programs that were tagged as P21 million each. These powerful tools usually cost quite a hefty price at around P168,000 per unit. But, it was documented to be worth over 12,400% more at P21 million per unit.

BREAKING: PhilHealth To Go Bankrupt Next Year Says Executives
Image from: Rappler

Because of this, the Senate approved investigations on the alleged corruption of the firm through a resolution filed by Senate President Vicente Sotto III and Senator Panfilo Lacson.

According to a report from Philstar, the executives admitted that the firm was to go bankrupt next year as the Senate probes the anomalies including the alleged P2-B overpriced IT equipment.

READ MORE: PhilHealth Corruption? Multi-Million-Peso Purchase of Laptops Discovered

Meanwhile, Senator Risa Hontiveros strongly advocated that those who are involved in the alleged PhilHealth corruption should be held accountable. In her official Twitter Page, the Senator said:

Managot ang mga dapat managot sa loob ng PhilHealth. We really need to reform the institution. Lalo na ngayong may pandemya, hindi pwedeng may mga masasamang taong pinagkakakitaan pa ang krisis na ito.

READ ALSO: Philhealth Adobe Software P21 Million Each, 12,400% Overpriced – COA

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