LifeHealthcare Group Limited (LifeHealthcare) (ASX:LHC) refers to today’s announcement on cuts to pricing on the Prosthesis List as part of the Prosthesis List reform.
Minister Sussan Ley has today confirmed a price cut to select areas of the Prosthesis List with a 10% cut for Cardiac Devices and Intra-ocular Lenses and a 7.5% cut to Hips and Knees. These cuts will likely take effect from 20 February 2017 resulting in $86 million in savings per annum to private health insurers that is expected to be passed on to consumers.
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