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Biotech / Medical : Oxford Health Plan (OXHP)

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To: Michael Burry who wrote (697)	1/1/1998 11:29:00 AM
From: robt justine	Read Replies (1) of 2068

<<So when someone says 10% premium increases will solve the problem then it is entirely valid to point out that if the premiums change is matched by claims change then there is no true gain from the premiums increase - the premiums increase is a zero sum move.>> You are a slippery guy aren't you. I would agree that if "premiums change matched the claims change" then there is no true gain from the premiums increase. However, that is not what you said and that is not the statement that I responded to. You said if the percentage increase in premiums was matched by an equal percentage increase in costs then it was a zero sum move. And I simply pointed out that you were wrong. I see that you now acknowledge the difference. And if applied to Premier's argument any equal percentage move on the upside is a plus for OXHP. This is quite trivial to expend more than one post on. I simply did not expect that you would attempt to cover your first incorrect statement with sophistry, that's all. C'est la vie. Good luck and Happy New Year.

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