In this week’s episode, James and Anthony ask if Australia’s weak economic growth even matters, reveal top hacks for dodging burnout and improving your personal productivity, and ask why the private health system seems sick.But private hospital operators responded angrily, saying that while the insurance profits are growing nicely, just 30 per cent of private hospitals are making a buck or even breaking even. So hospitals are starting to close.
There’s about 650 private hospitals, we’ve seen 22 hospitals or units within hospitals shut over the last 12 months.The private health insurers, as they negotiate with the private hospitals, are going to have to think about how is the profit pie split up here and probably there’s going to be a little bit more rebalancing because without the private hospitals, the private health insurers don’t have a business. They need each other. It’s a symbiotic relationship.
So basically, every Australian is maybe feeling like they’re not doing as well as they were, a few years ago. So investors are looking through that to the back half of the year when they get stage three tax cuts in July, hopefully a rate cut towards the end of the year, and the bet is that the economy dips and then bounces … gently starts to head back up in the back half of the year and into the 2025 calendar year.
Source: Healthcare Press (healthcarepress.net)