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Biotech / Medical : Oxford Health Plan (OXHP) -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Haegin who wrote (458)	12/10/1997 10:31:00 AM
From: Michael Burry	Read Replies (2) \| Respond to of 2068

<<Oxford will also add $36 million to reserves required in New Jersey and Connecticut, bringing its total to $1 billion>> This from WSJ this morning. Whoa, how does it all add up to $1 billion? Not from the nummbers I have: we're supposed to be still about 200 million short of the $1B number. Nevertheless, I admit I sold when I read that. If true, then we have no liquid reserves left before Medicare operations restructuring charges, lawsuit costs, and fines! Not to be alarmist, but that raises the serious Q of how long they can remain solvent if true. Good Investing, Mike