Government Pledges More Money For Public Healthcare

BMI View: Our view that industrial action in Israel would result in an increase in public healthcare expenditure has played out. The government is promising an additional ILS2.7bn (US$764mn) a year for doctors' salaries and public health in general. This is a significantly larger increase than we had forecast (US$106mn) and we have adjusted our forecasts accordingly. Some doctors have resisted the new agreement, saying it does not go far enough, but BMI does not expect the government to make any significant further

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