Senate Bill No. 2015 filed by Senator Nancy Binay seeks to establish a “vaccine indemnification fund” that will be used to compensate people who will suffer the adverse effects of vaccination.
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 as the government prepares for the initial roll out of its vaccination drive for the coronavirus disease 2019 next month, and may help boost the confidence of the public to take vaccines for the coronavirus disease 2019.
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. SOVEREIGNPH