MYEFO health cuts pummel Primary Health Care and Sonic Healthcare
Tim BinstedReporter
Updated
Hefty cuts to government funding of blood tests and x-rays sparked a sell-off in healthcare stocks and drew sharp criticism from the doctors' lobby.
On Tuesday the federal government's Mid-Year Economic and Fiscal Outlook (MYEFO) identified $650.4 million of savings over the next four years, from reducing or removing bulk-billing incentive payments for certain pathology and imaging tests.
Loading...
Tim Binsted writes on Business specialising in Agriculture, Construction, Manufacturing. Tim is based in our Sydney newsroom. Connect with Tim on Twitter.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Equity markets
Fetching latest articles