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


To: men mailman who wrote (1145)2/25/1998 11:35:00 PM
From: DRRISK  Respond to of 2068
 
Nice post and summary of CC thanks and I agree the stock has support in the 18-19 range and today is noise that will filter out by the end of week and any good news,which I believe exists, takes us back over 20. TA, FWIW on this stock shows that this price level is outside of support and will attract buyers looking for bottom. KKR news spooked the market and if they had put money in we would be over 20. Their departure needs to be nullified with the appointment of a strong CFO.

DrRisk buy on bad news and when there is blood in the streets.



To: men mailman who wrote (1145)2/26/1998 7:17:00 AM
From: Premier  Read Replies (1) | Respond to of 2068
 
mailman:

Thanks for the post and cc. I will try it today. BTW, Where did you find the cc info?

Please keep posting your views (bullish or bearish). An investor should be unbiased and flexible. She should assess new info. as it enters the market place.

Thanks and best regards.

Premier



To: men mailman who wrote (1145)2/26/1998 9:08:00 AM
From: Worswick  Respond to of 2068
 
Congratulations! You are so very coherent today!!

That is the old valuefinder. MenMailman.

Really. YOu're an addition today not a subtraction.



To: men mailman who wrote (1145)2/26/1998 11:45:00 AM
From: men mailman  Read Replies (1) | Respond to of 2068
 
Here is a news article: which
points to few members or doctors leavin. Only 49 doctors left.

Oxford does not see significant litigation

NORWALK, Conn., Feb 26 (Reuters) - Oxford Health Plans Inc said
Wednesday it does not believe a significant number of the physician
members of the New York City-area medical societies, which joined New
York County Medical Society's legal action against the company, will
participate in these proceedings.
Announcing Wednesday that 10 medical societies were joining its action,
the New York County Medical Society (NYCMS) said the societies that have
joined the arbitration will be contacting their membership directly and
providing them information that will enable them to join in the action
for payment owed by Oxford.

In its first formal response to that announcement, Oxford said the
''dispute resolution mechanisms suggested by the New York County Medical
Society will be costly and time consuming for physicians and we are
confident that they will continue to resolve issues with us directly.

"We offer the following points to set the record straight:

''-- Physicians and members should not be under the false impression
that a large number of physicians are participating in these actions.
The NYCMS stated that only a fraction of its members joined since
commencement of the actions.

''-- The NYCMS has released figures, which it is unable to substantiate.
The $140 million cited earlier this month is a gross overstatement and
was drawn, by the society's own admission, from very broad estimates
made by the Attorney General of the State of New York several months
ago, representing numbers over nine months old and claims against the
company payable to all physicians and hospitals throughout the state.

''-- Of the 51,800 physicians in Oxford's care networks, only 49 left
last year due to a stated dissatisfaction with the plan. Only three left
us in January for this reason, which is consistent with our historical
trend.

''-- Disenrollment for 1997 was two percent of our total network --
which continues to grow.

''In addition, we do recognize that we have outstanding issues with some
physicians, and we are making every effort to resolve them.

''(Oxford's new chief executive Norman) Payson has stated that he looks
forward to working with physicians to explore ways to address claims
issues.

''Moreover, Oxford has made significant progress on claims turnaround in
the past several months. To date, we have paid or denied 90 percent of
December claims with an average turnaround of 18 days,'' the company's
statement concluded.