sure the user pays, but with the recent negative budget changes to medical insurance affordability and medicare rebate for cataract surgery, a lot more people are going to be unable to afford private cataract surgery and will turn to the public sector or else defer the surgery until a later date thus affecting company revenue negatively
also because the medicare rebate is going to be leess for cataract surgery, private health insurance companies will reimburse less - this will further reduce profits
the medicare ruling came AFTER the takeover talks started so surely this must have a negative effect on the take over offer price (if it ever happens which seems unlikely)and also make the company a lot less attractive to take over - and this is even before considering whether the doctors in the company would agree to a takeover at a price much much lower than the price when they signed up
is there anything wrong with this line of reasoning?
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