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MYEFO health cuts pummel Primary Health Care and Sonic Healthcare

Tim BinstedReporter
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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.

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Tim Binsted writes on Business specialising in Agriculture, Construction, Manufacturing. Tim is based in our Sydney newsroom. Connect with Tim on Twitter.

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    Original URL: https://www.afr.com/business/health/myefo-health-cuts-pummel-primary-health-care-and-sonic-healthcare-20151215-glo3as