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PHL healthcare costs expected to rise 10.1% this year

THE GROWTH in healthcare costs in the Philippines is expected to accelerate to 10.1% this year from 9.3% in 2019, Mercer Marsh Benefits (MMB) said in a report.

Overcoming the challenges of change

BusinessWorld Virtual Economic Forum examines the new world created by COVID-19 By Bjorn Biel M. Beltran, Special Features Assistant Editor Change happens both very slowly and...

Business leaders see need to focus on reinforcing PHL healthcare system

THE coronavirus pandemic is prompting companies to prioritize big investments in the healthcare sector, in preparation for any future outbreaks.

Human beings live longer, can healthcare systems keep up?

Human beings live for an average of 72 years. In 1960, the year the United Nations began keeping global data, this number was 52.5...

PHL employer healthcare costs seen rising 8.8% in 2021

THE cost of healthcare benefits borne by employers in the Philippines is expected to rise 8.8% in 2021 due to the pandemic, according to a survey of medical insurers conducted by Willis Towers Watson, an advisory, broking and solutions company.

Healthcare spending rose nearly 11% to P792.6 billion in 2019

SPENDING on healthcare grew by 10.9% in 2019 to P792.6 billion, with most of the spending burden still on households, albeit to a lesser extent compared to 2018, the Philippine Statistics Authority (PSA) said Thursday.

Duterte eases overseas travel ban on health workers

President Rodrigo R. Duterte has eased an overseas travel ban on Filipino nurses and other medical workers to allow more to take jobs abroad, his spokesman said on Monday, as his government believes it has its coronavirus outbreak under control.

Navigating the path towards universal healthcare

The passage of Republic Act No. 11223, or the Universal Healthcare Law, was hailed as a landmark for the Philippines, as it sought to...

Healthcare funding gap must be plugged by more sin taxes —...

THE Department of Finance projects the Universal Healthcare (UHC) Act to have a total funding gap of P426 billion in the first four years of implementation if a fresh tax increase on tobacco and alcoholic beverages is not passed.

Lifetrack Medical Systems secures $5.2 million in Series A funding

Lifetrack Medical Systems, a healthtech startup focusing on improving affordable access to medical imaging services in emerging markets, has raised $5.2 million to scale...

House bill on PhilHealth coverage for PWDs approved on second reading

By Charmaine A. Tadalan A bill seeking to provide mandatory Philippine Health Insurance Corporation (PhilHealth) coverage of persons with disability (PWDs) has hurdled second reading...

European med-tech firms eye the Philippine market — BoI

A delegation of mostly healthcare and medical technology companies from the European Union (EU) is seeking to bring in new technologies in the country...

PhilCare to roll out new product for OFWs

Healthcare provider PhilCare is rolling out a new product focusing on overseas Filipino workers (OFWs) starting with those based in Israel, as part of...

Ayala on the lookout for more health care investments

By Anna Gabriela A. Mogato AYALA Healthcare Holdings, Inc. (AC Health) continues to be on the lookout for new investments, particularly in hospitals, financing and...