Premier Health of America Inc PRHAF

PHA Comments on the Quebec Government’s Proposed Bill

[colourama]

What do people think about this? It sounds like wishful thinking on the Quebec's government behalf. Agencies like PHA will be needed for the foreseeable future.

Press release:

https://stockhouse.com/news/press-releases/2023/02/15/premier-health-comments-on-the-quebec-government-s-proposed-health-care

And the news article about the proposed bill:

https://www.cbc.ca/news/canada/montreal/quebec-tables-bill-to-limit-the-use-of-private-health-agencies-1.6749292

[Torontojay]

I think it is wishful thinking. Private healthcare is necessary in this Country.  People want choices and the government is trying everything in their power to get rid of them. 

[colourama]

Seems like someone thinks the sky is falling today. Reaction is totally overblown.

[snootchybootchy]

Does seems so.  I mean, first of all, the genie is out of the bottle.  It's going to be hard to put the genie back in, at least not in the foreseeable future. Secondly, to address the labour shortage will require getting more young Canadians into nursing and recruiting more nurses from overseas.  Those nurses being recruited are also being sought by many other jurisdictions. So

[colourama]

Torontojay, what do you think should be PHA's next steps? Unfortunately, the sentiment has killed any momentum heading into what seems like it could be a strong earnings next week.

[Torontojay]

I don't think it's going to work. I think the next step is to lobby against this proposal and that this is going to cripple their business model. Until this is resolved, I would focus on the fast growing Ontario market and diversify away from Quebec.  How do you tell someone that was making $30 to now work for $25?  How do you tell a nurse that worked for an agency that they

[CauseWhyNot]

Well, irrelevant if this goes threw or not, it just made the stock dead money. No institution is going to pick this up under threat that regulation will stop their business.. f   Sadly, this isn't going to go through. They'd have to force staff to transfer when other locations have staffing issues.. people will revolt before that happens