Executive Order No. 392 (2004) — AMENDING EXECUTIVE ORDER NO. 182 DATED FEBRUARY 14, 2003 ENTITLED "TRANSFERRING THE MEDICARE FUNCTIONS OF THE OVERSEAS WORKERS WELFARE ADMINISTRATION TO THE PHILIPPINE HEALTH INSURANCE CORPORATION"

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Section 1 · Section 2 of Executive Order No Section 2 · Repeal Section 3

Section 1

Section 2 of Executive Order No

Section 1. Section 2 of Executive Order No. 182 dated February 14, 2003 is hereby amended to read as follows:

"SEC. 2. Transfer of Health Insurance Funds of the OWWA. — A portion of the Health Insurance Fund being administered by the OWWA shall be transferred to the PHIC within sixty (60) days from the effectivity of this Executive Order. The Fund to be transferred shall be in the amount actuarially needed to fund the basic OFW Medicare Program for a period of one (1) year to ensure continuity of service to OFWs provided, that the remaining portion of the Health Insurance Fund shall be retained and used by OWWA exclusively for implementing a supplemental health benefit package for OFWs. The transfer shall I no case result in any diminution or discontinuity of the existing benefit package."

Section 2

Repeal

Section 2.

Repeal. — All orders, rules, regulations, issuances or parts thereof, which are inconsistent with this Executive Order are hereby repealed or modified accordingly. 1aшphi1

Section 3

Section 3.

Effectivity — This Executive Order shall take effect fifteen (15) days following its publication in the Official Gazette or in two (2) newspapers of general circulation.

DONE in the City of Manila, this 28th day December, in the year of Our Lord, Two Thousand and Four.

(Sgd.) GLORIA MACAPAGAL-ARROYO President of the Philippines

By the President:

(Sgd.) EDUARDO R. ERMITA Executive Secretary