Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
HMOs return to profit after 2 years of losses
The Philippine Star
|March 03, 2025
The health maintenance organization (HMO) industry finally returned to profitability in 2024 after two years of losses as membership fees increased.
Latest data from the Insurance Commission (IC) showed that the sector's net income reached P979.8 million last year, a significant recovery from the P4.3 billion loss in 2023.
HMOs last recorded a profit in 2021 as the industry reeled from higher releases of benefits and claims among its members in 2022 and 2023.
HMO provider Philhealth Care Inc. president and CEO Jaeger Tanco said the industry's performance in 2024 was a matter of pricing.
"There is an increase in premiums, therefore they are able to cover the medical cost. Medical costs, however, are still increasing," Tanco said in a Viber message.
This story is from the March 03, 2025 edition of The Philippine Star.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Philippine Star
The Philippine Star
Leveraging the power of AI
How can airports benefit from artificial intelligence (AI) and machine learning (ML)?
5 mins
September 27, 2025
The Philippine Star
Housing prices continue uptrend in Q2
Residential property prices climbed further in the second quarter, with nationwide housing costs rising both year-on-year and quarter-on-quarter despite mixed trends across regions, the Bangko Sentral ng Pilipinas (BSP) reported.
2 mins
September 27, 2025
The Philippine Star
D&L units get 2-year tax holiday extension
Two units of D&L Industries Inc. that are operating at its new plant in Batangas have been granted an additional two years of income tax holiday.
1 mins
September 27, 2025
The Philippine Star
BBM stays out of probe on Martin; Ping leery of Guteza
Following the statement of a former security aide that he personally delivered millions of pesos to the residences of Rep. Zaldy Co and ex-speaker Martin Romualdez, Malacañang assured the public that President Marcos would stay out of the investigation, even if it involves his relatives and allies.
2 mins
September 27, 2025
The Philippine Star
3 dead, 400,000 evacuated as Opong batters Bicol
The Philippines evacuated hundreds of thousands of people and confirmed at least three deaths as Severe Tropical Storm Opong battered the country.
2 mins
September 27, 2025
The Philippine Star
AN INSIGHTFUL EXCHANGE ON ANTI-AGING BREAKTHROUGHS
DMark Beauty Corporation, the Global Beauty Expert under the dynamic leadership of its awe-inspiring CEO Nikki Tang, hosted its highly anticipated Beauty and Beyond Anti-Aging and Aesthetics series at the elegant Rigodon Ballroom of The Peninsula Manila in Makati City.
1 min
September 27, 2025
The Philippine Star
DOJ to seek Interpol 'blue notice' vs Zaldy
Justice Secretary Crispin Remulla has directed the Department of Justice (DOJ) to request from the International Criminal Police Organization (Interpol) a “blue notice” against Ako Bicol party-list Rep. Zaldy Co to track his whereabouts.
6 mins
September 27, 2025
The Philippine Star
Magalong role as ICI adviser to be reviewed
Baguio City Mayor Benjamin Magalong's role as special adviser to the Independent Commission for Infrastructure (ICI) — the body investigating anomalous flood control projects — will be reviewed, a Malacañang official said yesterday.
2 mins
September 27, 2025
The Philippine Star
Bernie Fabiosa and humility
THE GAME OF MY LIFE
2 mins
September 27, 2025
The Philippine Star
BSP shocked by cash piles in flood control corruption
The Bangko Sentral ng Pilipinas (BSP) is tracing unusually large cash flows across the financial system as part of a widening probe into the multibillion-peso flood control scandal, but it assured the public that the banking sector remains strong and liquid.
3 mins
September 27, 2025
Listen
Translate
Change font size