JP Morgan upgraded, page-12

JP got support for their view from what happened last night with Sussan Ley IMHO.

The big winners out of Sussan Ley's departure as Health Minister are IMHO the three health insurers: Medibank Private, BUPA and NIB (CEO: Mark Fitzgibbon has a brother on the front bench of the ALP Shadow Ministry see below). All of them did not do so well with Sussan Ley as Health Minister.

It is interesting that so much information was trawled into in the Ley case, the prinicipal beneficiaries were Medibank Private, BUPA and NIB (whom just happen to be run by the CEO, Mark Fitzgibbon, the brother of a "Shadow Minister", Joel Fitzgibbon and both were the sons of Eric, a longstanding ALP Federal MP).

Mark's company, NIB, is arguably the largest beneficiary of Sussan Ley's departure IMHO but pls DYOR. Any subsequent Minister is likely to be more sympathetic to the industry or suffer the same fate as Sussan Ley, despised by health/ medical insurer and patients alike all IMHO.

I remember in the TAA and Ansett days if you flew into Australia, there were no direct flights between Newcastle and Canberra. You had to go via Sydney even in the days when BHP was at its peak. Do not know whether same issues exist now.