Private Hospitals Warn Proposed TRAIN Law 2 Would Increase Medical Bills & Expenses
The private hospitals warned that the proposed Tax Reform for Acceleration and Inclusion (TRAIN) law 2 would increase medical bills and expenses.
The second tranche of the tax reform law could trigger several institutions and establishments to increase the cost of their products and services.
The Private Hospitals Association of the Philippines (PHAP) expressed their concern about TRAIN 2 that could jack up medical bills and worse could lead to hospital closure.
“As a whole, TRAIN 2 will not benefit our patients. Plus if PhilHealth will not pay us in time, more hospitals will close shop,” PHAP said quoted by Rappler.
TRAIN 2 would cut corporate taxes to 25 percent and rational tax incentives, which will make patients suffer from the price hike of medical expenses.
The second TRAIN might lead to an oil price hike that would increase the prices of the medicines and prompting healthcare workers to ask for a salary increase.
PHAP also explained that the second tax reform law would lead more patients to give promissory notes, which has a negative impact on the hospitals.
However, Albay 2nd District Representative Joey Salceda, vice chairman of the House ways and means committee said that he wanted a separate discussion of revising the taxes of schools and hospitals.
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