Hindi matik na abswelto! Ping says liquidation of P15B PhilHealth funds is different from audit
"Liquidation is different from audit." This was how Sen. Panfilo Lacson replied to claims by the Philippine Health Insurance Corp. (PhilHealth) that most of its P15-billion "missing" funds had been liquidated.

Hindi matik na abswelto! Ping says liquidation of P15B PhilHealth funds is different from audit

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“Liquidation is different from audit.” This was how Sen. Panfilo Lacson replied to claims by the Philippine Health Insurance Corp. (PhilHealth) that most of its P15-billion “missing” funds had been liquidated.

In a statement, Lacson said public funds – such as that of PhilHealth – can be declared liquidated yet not legally disbursed.

“Say, if public funds were spent not for COVID-19 as required under the Interim Reimbursement Mechanism but for dialysis centers and infirmaries and which are clearly not authorized, it can still be declared as liquidated – but it does not mean funds were legally disbursed,” he said.

“That is why, as we already know, some former and current PhilHealth officials presently face charges from the DOJ-led task force,” he added.

Last year, Lacson played an active role in presenting evidence showing corruption in PhilHealth, including misuse of the IRM, doctoring of financial records, and overpricing of IT equipment.

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