I have heard that the government failed to pay the amount that reached more than 19 billion to Philippine Health. The very big question is what will happen to those millions of Filipinos who are the member of this Government Health insurance if someday Philippine Health will turn into bankrupt?

It is really irritating if this would be true. In the last presidential election the government through the office of the President was giving away free Philippine Health insurance to those poor people in the country although it sounded good and very helpful to those really in need. But you can’t avoid that if it was used only for political purpose.

Hopefully, it will not end this way. Philippine Health will be in the same fate like of those private pre-need industry and other insurance companies that declared bankruptcy. It does not affect those members of this insurance but it also affect some legitimate insurance companies. It will perhaps affect life insurance rate and benefits someday and the entire insurance industries in the country.