Oxford Health Plans

Oxford Health Plans[1][2] is an American health care company that sells various benefit plans, primarily in New York, New Jersey and Connecticut.[3][4]

As of 2004, it is a subsidiary of UnitedHealth Group, the largest healthcare company in the world,[5] claiming to be "among the first" to allow patients to see specialists without a referral and to offer alternative medicine treatments.[1][6]

Overview

The dark blue membership cards carried by members belonging to its family of Oxford Health Plans included various subtitles, such as Freedom Plan and Liberty Plan; the card's color changed to white. The Wall Street Journal described their HMO as "trend-setting" and noted that Oxford "even let patients visit specialists outside its own network."[7]

History

The company was founded in 1984[3] by Stephen Wiggins targeting "upscale" doctors and consumers. It claimed major growth in the 1990s increasing from 217,000 members to nearly two million.[1] However, by mid 1998, the company had replaced its founder/CEO,[2] and his successor, William Sullivan.[8][9][10]

At that time, the Wall Street Journal described the company's services as "Ill-Managed Care";[11] earlier, in 1995, Newsweek ' s "Deliver, Then Depart" had criticized its practice of limiting payments for new mothers to "drive-through deliveries".[12] In 1997 the firm had been fined $3 million for a variety of legal violations[13] amidst false claims of alleged profits[14] that included double counting of premiums.[11]

In 2004[15] it merged with UnitedHealth Group.[16][17]

References

  1. Oxford Health's Founder May Resign The Los Angeles Times, February 24, 1998^
  2. Reed Abelson. Oxford Health Plan's Turnaround Strategy Emerging The New York Times, April 25, 1998^
  3. OXFORD HEALTH PLANS, INC. (Form 10-K, 2003)^
  4. Caremark and Oxford Health Enter Into Five-Year Contract The Wall Street Journal (WSJ), September 1, 1999^
  5. Top 10 health insurance companies in the US^
  6. Oxford Health Plans Network For Alternative Treatments The Wall Street Journal (WSJ), October 7, 1996^
  7. Keith H. Hammonds. Oxford's Education Business Week, April 8, 1996^
  8. Milt Freudenheim. Oxford Founder Resigns Job; Company Posts Large Profits The New York Times, August 6, 1997^
  9. A Little Icing On Top Newsweek, April 11, 1999^
  10. Ellen Sheng. Oxford Health's Payson Plans To Retire at the End of 2002 The Wall Street Journal (WSJ), September 19, 2002^
  11. Ill-Managed Care: At Oxford Health Plans, Financial 'Controls' were Out of Control The Wall Street Journal (WSJ), April 29, 1998^
  12. Sharon Begley. Deliver, Then Depart Newsweek, July 9, 1995^
  13. New York State Regulators Fine Oxford Health Plans $3 Million The Wall Street Journal (WSJ), December 24, 1997^
  14. Oxford Health Plans, Aetna Post Strong Rises in Profit The Wall Street Journal (WSJ), May 7, 1997^
  15. UnitedHealth to buy Oxford Health Chicago Tribune, April 27, 2004^
  16. Riva D. Atlas. UnitedHealth Agrees to Deal For Oxford The New York Times, April 27, 2004^
  17. Two Health Plans Agree on a Deal For $8.1 Billion UnitedHealth Adds Heft The Wall Street Journal (WSJ), July 7, 2005^