THE Asian Development Bank (ADB) said the government needs to consider reinsurance to mitigate the government’s exposure to healthcare costs during epidemics and pandemics.
“Reinsurance would allow for either a category of risk (such as pandemic risk) or a proportion of claim risk to be transferred out of PhilHealth’s portfolio,” the ADB said in a paper released on Dec. 24.
It also added that reinsurance options are commercially available to limit pandemic and epidemic risk.
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