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Tuesday, January 7, 2014

SSS and PhilHealth Asked to Explain the Reason of Increase Rates

Officials of Social Security System (SSS) and the Philippine Health Insurance Corporation (PhilHealth) will be asked to justify their respective bids to increase premium rates before state auditors of the Commission on Audit (COA) who have noted adverse findings in examining 2 state-owned firm's finances. Bayan Muna Rep. Colmenares said COA officials will be invited by the Lower House when it opens it's inquiry into the plans of SSS and PhilHealth to increase contributions of it's members this year. Colmenares said lowly-paid SSS and PhilHealth workers together with leaders of organized labor, should also be given a chance to confront officials of the 2 state run firms. Two administration lawmakers yesterday backed calls for Congress to investigate decision of the SSS and PhilHealth to raise the contributions of it's members.  Davao City Rep. Nograles said while he supports the position of Malacanang that the increase in SSS and PhilHealth premium is necessary to improve the services they provide, it's still equally important for both institutions to answer in detail all questions being raised by those opposed to their decision. The Mindanao lawmaker noted that a House probe would also be consistent with the Congress oversight powers on issue that concern public interest and national welfare. At the same time, when the Senate resumes regular session on Jan. 20, 2014 after a 4 week Christmas break it will look into the financial health of government financial institutions and agencies such as the SSS, PhilHealth, GSIS and Pag-Ibig Fund. Through it's power as a Legislative branch of government, the Senate wants an omnibus assessment and review in aid of legislation of the actuarial status of state and private sector pension and insurance funds as managed by the GSIS, SSS, PhilHealth as well as the housing funds administrated by Pag-Ibig with the view of improving the delivery of their services and ensuring the financial viability of these government corporations.     

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