Making social health insurance and micro-savings programs work for the informal sector in the Philippines

In the Angelo King Institute annual report of Monitoring the Philippine Economy, the Philippines maintained its growth momentum in 2014, besting other Asian economies. Given this backdrop, it is interesting to find out whether various sectors have benefited from this growth, particularly the informa...

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Main Authors: Conchada, Mitzie Irene P., Tiongco, Marites M.
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Published: Animo Repository 2017
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Online Access:https://animorepository.dlsu.edu.ph/faculty_research/1572
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Institution: De La Salle University
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spelling oai:animorepository.dlsu.edu.ph:faculty_research-25712021-07-06T06:41:20Z Making social health insurance and micro-savings programs work for the informal sector in the Philippines Conchada, Mitzie Irene P. Tiongco, Marites M. In the Angelo King Institute annual report of Monitoring the Philippine Economy, the Philippines maintained its growth momentum in 2014, besting other Asian economies. Given this backdrop, it is interesting to find out whether various sectors have benefited from this growth, particularly the informal sector which includes bulk of the poor who are self-employed and are mostly engaged in the services sector. The intention of this study is aimed to determine the effect of social protection, particularly social health insurance program (known as PhilHealth Insurance) and the micro-savings scheme (known as AlkanSSSya) on informal sector especially those who are poor and self-employed. By the end of 2014, total benefit payment for all sectors amounted to PhP78.2 billion (PhP19.2 billion for the informal sector). Since the government spends so much on PhilHealth, especially with its expansion of the indigent program, there is a need to investigate the effectiveness of the program especially on the poor. Utilizing data from the Community Based Monitoring Survey (CBMS) collected in 2015 from selected provinces in the Philippines, the propensity score matching method showed that those who availed of PhilHealth Insurance (both individual paying and sponsored member) have a higher total income and income in cash compared to those who did not avail (PhP288 and PhP595 respectively). PhilHealth Insurance beneficiaries are also more likely to have higher total sales from entrepreneurial activities in the informal sector (PhP69) than non-beneficiaries. On the other hand, AlkanSSSya beneficiaries also had higher annual income, higher total sales from entrepreneurial activities, and higher expenditure than non-beneficiaries (PhP986, PhP18, and PhP304 respectively). The results support the claim that social protection is indeed effective in improving the income of the poor, especially those who are dependent on the informal sector. Expanding the coverage of the programs for the informal sector, thus, will aid in increasing social inclusion and in reducing poverty levels. © 2017 by De La Salle University. 2017-01-01T08:00:00Z text https://animorepository.dlsu.edu.ph/faculty_research/1572 Faculty Research Work Animo Repository Social security--Philippines Social security individual investment accounts--Philippines Informal sector (Economics)--Philippines AlkanSSSya Program (Philippines) Economics
institution De La Salle University
building De La Salle University Library
continent Asia
country Philippines
Philippines
content_provider De La Salle University Library
collection DLSU Institutional Repository
topic Social security--Philippines
Social security individual investment accounts--Philippines
Informal sector (Economics)--Philippines
AlkanSSSya Program (Philippines)
Economics
spellingShingle Social security--Philippines
Social security individual investment accounts--Philippines
Informal sector (Economics)--Philippines
AlkanSSSya Program (Philippines)
Economics
Conchada, Mitzie Irene P.
Tiongco, Marites M.
Making social health insurance and micro-savings programs work for the informal sector in the Philippines
description In the Angelo King Institute annual report of Monitoring the Philippine Economy, the Philippines maintained its growth momentum in 2014, besting other Asian economies. Given this backdrop, it is interesting to find out whether various sectors have benefited from this growth, particularly the informal sector which includes bulk of the poor who are self-employed and are mostly engaged in the services sector. The intention of this study is aimed to determine the effect of social protection, particularly social health insurance program (known as PhilHealth Insurance) and the micro-savings scheme (known as AlkanSSSya) on informal sector especially those who are poor and self-employed. By the end of 2014, total benefit payment for all sectors amounted to PhP78.2 billion (PhP19.2 billion for the informal sector). Since the government spends so much on PhilHealth, especially with its expansion of the indigent program, there is a need to investigate the effectiveness of the program especially on the poor. Utilizing data from the Community Based Monitoring Survey (CBMS) collected in 2015 from selected provinces in the Philippines, the propensity score matching method showed that those who availed of PhilHealth Insurance (both individual paying and sponsored member) have a higher total income and income in cash compared to those who did not avail (PhP288 and PhP595 respectively). PhilHealth Insurance beneficiaries are also more likely to have higher total sales from entrepreneurial activities in the informal sector (PhP69) than non-beneficiaries. On the other hand, AlkanSSSya beneficiaries also had higher annual income, higher total sales from entrepreneurial activities, and higher expenditure than non-beneficiaries (PhP986, PhP18, and PhP304 respectively). The results support the claim that social protection is indeed effective in improving the income of the poor, especially those who are dependent on the informal sector. Expanding the coverage of the programs for the informal sector, thus, will aid in increasing social inclusion and in reducing poverty levels. © 2017 by De La Salle University.
format text
author Conchada, Mitzie Irene P.
Tiongco, Marites M.
author_facet Conchada, Mitzie Irene P.
Tiongco, Marites M.
author_sort Conchada, Mitzie Irene P.
title Making social health insurance and micro-savings programs work for the informal sector in the Philippines
title_short Making social health insurance and micro-savings programs work for the informal sector in the Philippines
title_full Making social health insurance and micro-savings programs work for the informal sector in the Philippines
title_fullStr Making social health insurance and micro-savings programs work for the informal sector in the Philippines
title_full_unstemmed Making social health insurance and micro-savings programs work for the informal sector in the Philippines
title_sort making social health insurance and micro-savings programs work for the informal sector in the philippines
publisher Animo Repository
publishDate 2017
url https://animorepository.dlsu.edu.ph/faculty_research/1572
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