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Health Net began life as an experiment that worked too well, much to the delight of Roger Greaves, its chief from 1982 until last year. The company was launched in 1979 by Blue Cross of Southern California, which dispatched Greaves, a vice president, to run the company. In his first year Health Net made $17,000; the next, $17 million. It was so prosperous that Blue Cross in 1984 tried to seize its bank accounts, forcing Greaves to file a lawsuit in which he proved the company was a free-standing satellite...

Author: /time Magazine | Title: MEDICAL CARE: THE SOUL OF AN HMO | 1/22/1996 | See Source »

...calls the "cancer" of a tactical lawsuit. His company had drawn the attention of Dr. Malik M. Hasan, founder and chief executive officer of QualMed, a Pueblo, Colorado, managed-care company that owned an HMO that competed against Health Net in Northern California. To best grasp Hasan's delight in bold business maneuvers, one need only know that as a young medical student in Pakistan in the late 1950s he made roughly $10 million selling land along the anticipated rights of way of new highways revealed to him by a patient who happened to be a public-works surveyor...

Author: /time Magazine | Title: MEDICAL CARE: THE SOUL OF AN HMO | 1/22/1996 | See Source »

...Hasan, "the idea was, you don't go into the health-care business to get rich. But that system was very inefficient." Now the reverse is true, he argues. When he took his company public, his holdings became worth $150 million. "We all got very rich," he says, his delight bubbling out in a chuckle. The prospect of such wealth, Dr. Hasan argues, helped managed-care companies draw the best executives, who in turn applied corporate stratagems to compel doctors to become more efficient. "It's no longer a gentleman's club," he says. "And I see that...

Author: /time Magazine | Title: MEDICAL CARE: THE SOUL OF AN HMO | 1/22/1996 | See Source »

...perhaps one's reaction is no more complicated than a child's delight in dramatic disruption. Anyone loves to stand on the beach with a hurricane coming--a darkly lashing Byronism in surf and wind gets the blood up. The god's, or child's, part of the mind welcomes big weather--floods and blizzards. The coping, grown-up-human part curses it, and sinks...

Author: /time Magazine | Title: THE RELIGION OF BIG WEATHER | 1/22/1996 | See Source »

...GENERATIONS OF BIOLOGY STUdents have learned to their morbid delight, insect-mating behavior can be pretty bizarre. The classic example is lovemaking among the praying mantises, where the female has sex with her partner, then eats him for dessert...

Author: /time Magazine | Title: NATURE: SEX AS SUICIDE | 1/15/1996 | See Source »

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