Another poster mentioned the structural issue of it being more attractive for private insurance holders to be treated in public hospitals. Which granted is a pretty major worry for Ramsay short and possibly medium term.
That means there is loopholes and errors in the structural system. The government will legislate this and fix things in time but the wheels turn slowly.
In the medium to longer term no the public system is already over capacity so Ramsay will be ok. It just seems that in the short to medium term the incentive to attend a private hospital is lacking.
I submit an article which speaks to what the other poster was talking about. I'm keen on Ramsay but if this article is anything to go by and it IS a larger unspoken about issue them RHC has got some more profit warnings ahead.....
Doubt I'll consider RHC as a stock worth investing in until its PE comes down much harder.
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