Gov’t eyes P100-M HMO’s capitalizationNew health maintenance organizations (HMOs) may soon be required to have a minimum capitalization of at least P100 million before they can operate in the country, the Insurance Commission said. “The new capitalization requirement we are prescribing is for new players,” Dooc said. Dooc, meanwhile, clarified that the proposed regulation on capitalization will affect existing HMOs previously accredited by the health department. Insurance Commissioner Emmanuel F. Dooc told reporters that the government is looking at raising the capitalization requirement for new HMO providers from only R10 million. 192, transferring the regulation and supervision over HMOs from the Department of Health (DOH) to the Insurance Commission.

Source: Manila Bulletin July 28, 2016 14:12 UTC