Six out of 10 Filipino households cannot cover a P10,000 hospital bill, forcing them to prioritize saving money for health emergencies, according to a study of over 1,500 families nationwide by Boston Consulting Group (BCG). These families, BCG found out, are forced to borrow money or use a health maintenance organization (HMO) membership to cover their hospital bills. The study titled The Filipino Family showed that fewer Filipino families can outright cover their hospital costs as the bill increases. Only nine percent of Filipino families can cover a hospital bill of up to P25,000, to P50,000 and P100,000.
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