High revenues drive recovery of HMOs

Aug 17, 2024 12:23 am

DESPITE a significant increase in benefit payouts, the Insurance Commission (IC) reported that health maintenance organizations (HMOs) rebounded, fueled by the industry's higher total revenues.

Data showed that HMOs paid out P30.33 billion in health care benefits to members in the first half of 2024, a 15.65-percent increase from the same period last year.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Auto sales steady in August

BSP expected to cut reserve requirement

PEZA approves P16.2B in projects

Tiu Laurel cautiously upbeat on agri output

SEC vows to maintain ownership transparency

PH emerging leader in digital payments

Study tags top worries of young Filipinos