Loans fund most hospital bills

DESPITE increased access to social insurance such as PhilHealth or health-care plans from health maintenance organizations (HMOs), most Filipinos still need to borrow money or seek donations to pay for their hospitalization expenses.

This was one of the findings of the discussion paper “Profile of Private Hospitals in the Philippines” published by state-owned think tank Philippine Institute for Development Studies (PIDS).

Survey data said around 17 percent of payments made in private hospitals and 23 percent in public hospitals came from loans. The same percentages of payments made in private and public hospitals are also accounted for by donations to patients.

This, discounting the fact that PhilHealth still accounts for 51 percent of the payment of hospital expenses in private hospitals and 24 percent of payments in public hospitals.

Read more at Business Mirror

Photo credit: “The Philippine General Hospital,” Some rights reserved by Lance Catedral

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