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

To: DRRISK who wrote (1144)	2/26/1998 9:02:00 AM
From: Worswick	Read Replies (2) \| Respond to of 2068

I am "listening" to Raptor, Premier and Dr. Risk. In one of my ancient posts of November or December I called to attention something called "rolling break even". All these HMO's have a poor handle on costs moving forward. IMHO Dr's. are petit bourgoise businessmen who don't usually practice business very well. Ask ten doctors in America if they were paid on the same scale as a doctor in the UK.. if they would still be doctors? A bunch of greedy ***ks. Greed that is what will make OXHP march. That is the reason for 15 or twenty "lawsuits" against OXHP. Greed... not unpaid bills moving backwards into 1997. Do you seriously think that if 15,00 doctors had unpaid bills the state regulators would not be closing down this compamny? The "new" people who invested in this company are there for one reason. Greed. You balance the doctor's greed with the greed of the "new" owners and boy you have a compelling symbiotic relationship where everyone will make money. At the expense of the long suffering public. Believe it or not this is still a $4 billion a year cash flow cow. And the "new" owners will be trying like hell to keep as much of this money that has been "reserved" for losses. That too is real money. Everyone is singing this mantra..."the losses of this company in the last year equal all the profits this company has ever had in it's entire history." My brother in law started a company in 1980. He has raised something like $4 billion to date (really) and this company has never yet had any profits to speak of and it is and has been for the last 15 years one of the hottest stocks in the market. Profits are not what makes a stock march...it is the promise of profits. The promise in healthcare is built from existing memberships and the expectation of growing membership. YOu all know that. Keep thinking franchise here.