Difficult to get fix on financial effect until details released. Medicare data indicates what appears to be most common procedural claim of around 200,000 a year, at around $250 each rebate. VEI understood to hold less than 10% mkt share. If a hit to earnings is coming, very rough guess could be as high as $1.5m - $2m ebit drop at 100% cut back, allowing for variable remuneration to absorb 65% of gross amount. Doctor group was successful in campaign to reduce cataract rebate cuts when Roxon was minister, so may remain unresolved for some time if this is case. Speculation only.
VEI Price at posting:
27.5¢ Sentiment: Hold Disclosure: Not Held
