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

To: Michael Burry who wrote (465)	12/10/1997 11:01:00 AM
From: john douglas	Read Replies (3) \| Respond to of 2068

Wiggins on CNBC says, 75% of business in employer health plans still profitable, but will have to make changes to medicare and medicaid programs and individual programs. Still a $5 billion company. Still $500 million in equity after charges, and no debt. Still 36000 physicians in network. Still 45,000 employer groups covered, still 2,000,000 subscribers. Problems contained to specific areas, namely Government medicare and medicaid, and in New York individual programs. NY state requires individual enrollment without medical questions (talk about flying blind!) Also have not been successful serving the poor and elderly where government fixes the amount that's paid and often fixes the benefits. Didn't dwell on computer problems, but said now processing claims in 25 days. His presentation overall was professional and competent. Glad to see he showed up today! My take is his showing was good enough to halt the slide but not good enough for a bounce.