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GE Earnings Up Healthcare Lags

by Colby Coates, Editor in Chief | January 31, 2008
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Although General Electric's recently announced earnings are on the plus side, Chairman and CEO Jeffrey Immelt has been telling financial analysts that medicare regulations continue to cut growth at its healthcare unit due to changes in how hospitals are reimbursed for medical imaging machine scans. GE Healthcare is the world's biggest maker of MRI, PET, CT and X-ray scanners.
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