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Politics : Ask Michael Burke

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To: Earlie who wrote (25378)	1/13/1998 7:32:00 PM
From: Kerry Phineas	Read Replies (1) of 132070

Earlie, if you'll notice after Oxford's problems this year the CFO and CEO resigned. I didn't hear anything about the head of IS resigning. They may have had some problems with their new system, but I think they had bigtime cash flow problems as well, resulting from incorrectly reserving for incurred but not received claims. The former CFO tends to play fast and loose according to friends who know him(they knew him from way back: he told them that if they worked for him at Oxford he'd make them a millionaire with options). HMOs and other health companies have such enormous data needs that imo in the future the huge system costs are going to be a major factor driving the consolidation of the industry. bwdik?

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