> -----Original Message----- > From: [EMAIL PROTECTED] > [mailto:[EMAIL PROTECTED] On Behalf Of Simon James > Sent: Friday, 13 April 2007 7:36 PM
> 10. All banks are paid per transaction at the same rate. > Medicare determines this rate. This does not represent the full story. Medicare or the government did not just sit down and think of a number between from zero and infinity, and announce that that would be the transaction fee. I understand that the 23 cents per transaction has been determined by negotiation between the government and the banks, and is a compromise between what the banks would have liked to charge (presumably a lot more) and what the government is willing to pay. I understand that the price of 23 cents was calculated by government as hopefully enough to make the deal attractive to the banks while minimising cost to government. With only three banking organisations signed up to date, it looks as if the 23 cents may not be enough. Oliver Frank, general practitioner 255 North East Road, Hampstead Gardens South Australia 5086 Ph. 08 8261 1355 Fax 08 8266 5149 M 0407 181 683 _______________________________________________ Gpcg_talk mailing list [email protected] http://ozdocit.org/cgi-bin/mailman/listinfo/gpcg_talk
