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Simple economics

August 13, 2010

I’ve mentioned before that as of this year the out-of-pocket cost of IVF has almost doubled in Australia due to the reduction in the Medicare rebate.  In the paper today they are reporting that the new rules have caused a significant decrease in the number of couples seeking AC, and is estimated to lead to almost 1,000 fewer babies being born this year.

The article explains that the fee adjustment was meant to counter the rise in doctors’ fees, but instead much of the cost has been passed onto the patients, who are struggling to find the funds – a case of simple economics.  But in practical terms, the flow on effect is that 1,000 less families will be celebrating a first Christmas with someone special this year.

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