A measure filed by Senator Nancy Binay seeks to establish a “vaccine indemnification fund” that will be used to compensate Filipinos adversely affected by vaccination from the government’s immunization program.
Pharmaceutical companies who are awarded government contracts for the supply of such vaccines will be mandated to set aside at least 1 percent of the contract as part of their contribution to the indemnification fund.
“The reserved amount shall be deposited with the Bureau of Treasury of the Department of Budget and Management,” the measure said.
The funds for indemnifcation will initally be charged against the budget of Department of Health (DOH).
The measure was filed by Binay just as the government will be rolling out its vaccination drive for the coronavirus disease 2019 (Covid-19) next month.
Also, last Friday, National Task Force against Covid-19 Chief Implementer and vaccine czar Secretary Carlito Galvez Jr. urged legislators to enact an indemnification law that would provide assistance to vaccine recipients who develop adverse effects after inoculation.
However, an industry source said that while it looks like Binay’s measure protects Filipinos who will be vaccinated, it actually gives equal if not more protection to pharmaceutical companies since the proposed measure can limit what victims can seek as compensation for damages.