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Biotech / Medical : Oxford Health Plan (OXHP)

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To: Gene J. Abel who wrote (538)	12/14/1997 2:19:00 PM
From: Worswick	Read Replies (2) of 2068

Agree with you 100% Gene. Why all this anger? Perfectly good people here are turning into really het up biker types with big grudges. Today's (Sunday) Times piece by the formerly negative Reed Abelson at least poured oil on the waters on the OXHP issues. One of Ableson's interviewees raised a good point about Oxford. That is, what are the alternatives in the New York metropolitan area to Oxford? . It is and was the best deal for the money and people generally were very happy. I know people in one of the Blue Cross plans and they have been unhappy for ten years. Oxford has a $10 per visit deductible: Blue Cross, by contrast, has a yearly $250 deductible for doctor's visits then they will pay only 80% up to $2,000. and 100% after. There is another big deductibe for medicines and for hospital expenses. There is no comparison to Oxford what Blue Cross gives. So, before people quit Oxford they will comparison shop. The customer base has been very happy with Oxford and they can't and won't find anything quite like Oxford. I don't think you will see mass defections purely for this reason. Think about this Thomas. Another point. It is damn hard to bring down a four billion dollar revenue company to Bre-X zero. This is a huge company with influential shareholders who I believe will not remain passive. The question then comes down: "Are all these health plans just giant Ponzi schemes?" If they are the State oif New York which regulates these health plans will be in boiling oil. Five to seven years for your lawsuits guys. I hope you have a long time to reflect and your lawyer hangs in there with you. The millisecond your "free" lawyer has the slightest inkling that the payoff isn't going to be that easy or lucrative he won't take your calls. If you think your pissed now... you will really be pissed as you lead the charge without the troops behind. Bascially, the kind of lawyers that do this kind of work are not people who eat off good China.

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