Government doesn't want to be a problem for private health ... They consider the current predicament of people fleeing back to public health (due to rising premiums for health insurance) as a negative. Hence, government reforms to encourage private health insurance uptake (medicare loading if earn > $80K, loading if > 30 years old without PHI, the rebate, etc etc).
Ramsay has a long and health future - with much of the 'work' yet to be done. 10 years from now, this stock will be double the SP.
What I do see as a problem for RHC is the insurers cracking down on rehab hospitals (lack of evidence for most of the programmes). RHC has a lot of rehab hospitals!
They are going to need to diversify out of the Australian hospital market... which I think they are doing abroad and with pharmacy etc.
Government doesn't want to be a problem for private health ......
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Last
$47.46 |
Change
0.280(0.59%) |
Mkt cap ! $10.90B | |||
| Open | High | Low | Value | Volume |
| $47.36 | $47.68 | $47.15 | $22.55M | 475.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1 | $47.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $47.47 | 2558 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RHC (ASX) Chart |