PhilHealth: 92% of P15B in 'stolen' funds already 'liquidated'

By VIRGIL LOPEZ, GMA News
Published January 26, 2021 4:26pm
The Philippine Health Insurance Corp. (PhilHealth) on Tuesday said 92% of the P15 billion worth of funds  allegedly stolen from the state insurer by some of its officials had been “liquidated.”
“Sa totoo lang po, hindi po nawawala, andiyan lang,” PhilHealth president Dante Gierran said at a Palace news conference.  "Sa ngayon po 92% na ang liquidated. So [kakaunti] na lang po [ang hindi pa].”
A former employee revealed last August that members of the PhilHealth executive committee pocketed some P15 billion in funds through several fraudulent schemes.
These schemes included cash advances, the use of the Interim Reimbursement Mechanism (IRM), and the continuous procurement of IT equipment the agency already has, according to PhilHealth’s former anti-fraud legal officer Thorrsson Montes Keith.

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