Posted by Michael Wonder on 21 Jun 2018
Ramsay's profit downgrade a sign of trouble in health
21 June 2018 - Ramsay Health Care's profit is ominous because it adds to the evidence that Australia's private health care market is finally confronting the reality that Australia can no longer afford the health services on offer.
Until now the primary reason for buying Ramsay shares was the growth in demand for hospital services generated by demographic changes.
In other words, Baby Boomers would continue to want to have hip and knee operations in private hospitals.
