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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (8169)9/9/1999 1:30:00 PM
From: Michael Burry   of 78908
 
According to an AP report today, 100 physician groups contracted wtih HMOs have gone bankrupt in the last 3 years.
In California alone, doctors are holding $100 million in delinquent accounts receivable from HMOs. Absolutely outrageous, and explains the increased AR at HealthSouth.
HMOs are evidently not just underpaying, but NOT paying, despite contractual obligations.

Mike
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