I think you have missed the point.. Mining contributes massively to government revenue in Australia.. as I said, how it will affect things is yet to be seen but it is a key driving factor for Australian economy.
When the pendemic hit, people under financial stress dumped their private health insruance. Data suggests 15% members downgraded or dropped thier coverage. Before you ask, here is the link
https://melbourneinstitute.unimelb.edu.au/__data/assets/pdf_file/0005/3529589/ri2020n30.pdf
So what I am contemplating is that I dont know how the recession is going to impact hospitals given people do have cheaper options available. How much role the $450 billion odd Mining revenue drop and contribute to a recession in Australia, I dont know. Are people going to react in a similar way as they did during the pandemic, I dont know? Pre pandemic Ramsay traded around the $70 mark, will it get there.. I dont know.
Medical tourism in countries like Thailand and India is flourishing and there are established routes to get there now that were not there few years ago. How many people will take up alternate options, I dont know.
What I know is, outlook as a whole for the economy in the short term is not looking very bright.
Sector Rotation Time?, page-9
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