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Feb 28, 1998

Brake for healthcare

Railing at health insurance

There is the business cycle - of around eleven years - and there is the Investor Relations cycle, which is about twenty miles. The latter version goes on two wheels along the bank of the East River. But they both have boom and bust periods as well. I boomed as I flew downhill along York Avenue, past New York's most prestigious hospitals, and the bust came in the vicinity of the towering Triborough bridge. I applied the brakes with a federal regulator's sixth sense when I saw chaotic conditions

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