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Oxford’s Foortunes To Turn In 99
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Business New Haven
9/7/1998
By: Kristine Hansen
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Oxford Health Plans Inc. (NASDAQ: OXHP) is expecting to show losses of about $300 million in 1998. However, they expect to break even in 1999 on a cash-flow basis and show only slight earning losses for the year. Oxford's new chief executive, Norman Payson, stressed that “Oxford is committed to the plans that allow consumers to choose their doctors.” To keep this up, the company will cut some fees and raise premiums.
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