He certainly has made some strides in terms of negotiating some fair deals in his hospital negotiations.
That's always a very uncomfortable situation to go through.
We're now in a situation where a lot of the big corporate purchasing groups are playing one HMO off against another, ... As a result, the average price increase for the HMO industry was actually down slightly for 1996.
May just be a knee-jerk reaction to the fact that 90 cents a share was so much better than expected.
He's more of a believer in buying a company that has a significant indemnity business with the hope of making them managed care.
I understand why Wall Street is responding as violent as they are because this was the darling of Wall Street within the HMO group.
I thought his guidance was quite crisp. He always shared his assumptions and way of thinking.
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