There have been reports that the Philippine Health Insurance Corp. (Philhealth) is on the brink of bankruptcy. However, Budget Secretary Rolando Andaya denied these reports and assured its 79 million members that Philhealth is financially stable. Andaya even said that the net income of Philhealth doubled from P5 billion in 2001 to P10 billion in 2008. It also has a reserve fund of P63 billion. “Philhealth is far from...