INDUSTRY frontrunner Toyota Motors Philippines could be leading in car sales amid the improving economic condition in the country.

The company has been introducing very interesting car models at a time when Filipinos are getting back their mood to acquire vehicles.

A piece of advice though before making a Toyota purchase – check the accessories. Accessories for the sound system could be defective. It could be just a busted speaker but hey, it can spoil the ride especially if one is a music lover.

And think twice before taking the matter to Toyota Service Center. They can’t fix simple speaker issues – enough reason for them not to open the hood unless one would risk getting more car problems.

Is this right, Toyota Balintawak?

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Marikina Rep. Stella Quimbo must be less upset lately with the Philippine Health Insurance Corporation, a victim of the lawmaker’s tongue-lashing early this week.

Quimbo, vice chairman of the House Committee on Appropriation, blew her top during a hearing over persistent reports that Philhealth is “about to die despite being at its pink of health.”

Just the other day, Philhealth corrected the said misinformation and assured its members of continuing benefit coverage.

“The fund remains strong to meet its obligations in the long term,” Philhealth said in a statement.

It said contrary to one newspaper’s erroneous claim citing last year’s projection of a net loss of P57 billion, PhilHealth actually ended 2021 with a net income of P32.84 billion, which is higher by P2.8 billion from the previous year.

This is after the state health insurer recognized a total of P140 billion in members’ benefit claims expense. Its total assets also rose by 27% with a total of P347.48 billion in 2021.

As of June 2022, the state-run insurer has a reserve fund of P188 billion, which is 6.7% higher than the P176.6 billion as of end of 2021.

“Such financial standing is a clear indication that it is financially stable and therefore is in strong position to sustain payment of benefits in the long term,” it explained.

Contributions from Direct Contributors is one of the major funding streams as mandated by the Universal Health Care Law.

“The increase in collection efficiency of contributions from Direct Contributors, national government subsidy for premium of Indirect members, earnings from investment incomes, contribute to fund sustainability,” said Atty. Eli Dino Santos, PhilHealth’s Officer-in-Charge.

More power to Philhealth!

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