GP co-payment changes benefit Medibank, NIB and Sonic Healthcare

More than one chief executive slept well last night. Medibank Private (ASX: MPL), NIB (ASX: NHF) and Sonic Healthcare (ASX: SHL) will all benefit from the revised budget. Prime Minister Tony Abbott has backed away from the $7 mandatory co-payment for GP visits announced in May. The Prime Minister said there wouldn’t be a ‘change to bulk-billing for children under 16, for pensioners, for veterans, for people in nursing homes and other aged care institutions’. The Government still plans to reduce the Medicare rebate paid to doctors for non-concessional patients by $5 and the doctors can recoup the loss by...

More than one chief executive slept well last night. Medibank Private (ASX: MPL), NIB (ASX: NHF) and Sonic Healthcare (ASX: SHL) will all benefit from the revised budget.

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