Ombudsman ruling removes legal overhang on PhilHealth reserve funds
The Office of the Ombudsman has cleared former Finance Secretary Ralph Recto and former Philippine Health Insurance Corp. (PhilHealth) president and CEO Emmanuel Rufino Ledesma Jr. of criminal and administrative liability over the transfer of P60 billion in PhilHealth reserve funds, a decision that could help ease lingering concerns over the state insurance’s financial governance and reserve management.