Assignment Economics For Managers - 3207 Words

MPE781 ECONOMICS FOR MANAGERS Assignment: ECONOMICS CASE STUDY Case: â€Å"Government moves to sell Medibank Private,† by Jim McIlroy, April 9, 2014. Trimester 3, 2014 12 January 2015 NAME RAHUL KWATRA STUDENT ID 213311495 TOTAL WORDS 3039 Answer 1 The article â€Å"Government moves to sell Medibank Private† by Jim McIlroy on April 9, 2014 explains that the Australian government is trying to sell billions of dollars of public asset as Medibank Private to some of the private investors. The question raises in the article is that whether government-owned health insurance company should turn into private-owned or not. Jim explains that the decision for selling Medibank was announced on March 26 by the Finance Minister Mathias Cormann to sell Medibank through initial public offering in the next financial year. The main points to summarise for the article can be categorised as: 1. Government Perspective 2. Jim McIlroy Perspective Government Perspective: According to the government two-thirds of the revenue gap is due to health care spending written in New Matilda by Ian McCauley in April last year. So the government believes that selling medibank private would stabilize the federal budget revenue gap. Ian also wrote that if public asset like medibank private is not sold then the hospital stays will be unaffordable for the general public due to high revenue gap in federal budget. Jim McIlroy Perspective: Jim advocates non-privatisation of Medibank Private in this article.Show MoreRelatedAssignment : Economics For Managers3090 Words   |  13 Pages MPE781-Assignment Economics for Managers Mingzhe Zhou Student Number: 214373421 01/08/2015 Question 1: In your own words, summarize the article, â€Å"Gov’t moves to sell Medibank Private,† by Jim Mcllroy, April 9, 2014. In particular, what are the main messages of the article? 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