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

To: robt justine who wrote (575)	12/16/1997 3:39:00 AM
From: Thomas Haegin	Read Replies (1) \| Respond to of 2068

Re: Advances to doctors, hospitals robt, they have said that they initially transferred $100m and later increased this sum to $271m. I would assume that these are simply part of their "Medical Expenses" in the Income Statement.Settlement will occur via providers setting off their claims against this sum. I would assume that they will not retain anything much of this money. I think we should regard it as "lost", so to say. As can be seen in the balance sheet data history, the claims reserves declined from 03/31/97 to 09/30/97 in the face of rising members enrolllment. This IMO is the direct consequence of this fron-up payment. Otherwise claims reserves should rise more or less in line with enrollment, I'd say. Thomas