PhilHealth: 95% of 'missing' ₱15-B liquidated, went to 711 hospitals for COVID-19 response

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Metro Manila (CNN Philippines, March 8) — The Philippine Health Insurance Corporation or PhilHelath asserted that 95% of the ₱15-billion allegedly stolen by the agency's former officials have been liquidated.

The state health insurer made the statement as netizens continue to quiz the agency about the whereabouts of the 'missing' funds.

PhilHealth said a total of ₱14.21-billion Interim Reimbursement Mechanism or IRM funds have already been accounted for. The money went to 711 hospitals nationwide for their COVID-19 response.

Of the 711 hospitals, 516 have been fully settled, 153 have liquidated at least 50%, while 42 have only declared below 50% of their share so far.

PhilHealth data showed Metro Manila hospitals have liquidated over ₱4.1 billion, followed by CALABARZON or Region 4-A with about ₱1.14 billion.

PhilHealth President Dante Gierran said the liquidation of the ₱15-billion fund allegedly lost to corruption is expected to be completed within the first quarter of this year.

The news about the massive fraudulent scheme broke in August last year after PhilHealth's former anti-fraud legal officer Thorrsson Montes Keith claimed officials of the agency have stolen some ₱15 billion, covering unauthorized release of IRM funds allocated to "fortuitous events" such as the pandemic, and "bloated" budget for IT equipment.

READ: Whistleblower claims ₱15 billion stolen by PhilHealth execs in fraud schemes

The government filed complaints against PhilHealth officials, including its former chief Ricardo Morales, over the alleged anomalies.

READ: Duterte OKs filing of complaints vs. Morales, other officials over PhilHealth corruption