article on ex-msft execs new venture
WAG is not mentioned but relevant anyway
daily info then other newspapers then seattle times
you write and ask;
about how one contract
means anything and ask why did health alliance cancle
1) one contract does not mean
anything..this is the 2nd one i believe i have read of in the
past 3 moths involving WAG..2 contracts do not mean
anything,,,but a trend does and the question to ask is, is this
the start of a trend ?..i dont know, but i do know
they WAG lost or let go of a well respected health
group...i have my money on the fact that through expansion
they will overcome the loss...but i am not blind to
2) I do not need to call HealthAlliance over why
they are not alligned with WAG...we know why, its all
about margins..WAG wanted more or the same and Heath
Alliance thought for their saying no they could get a deal
that would be worth their saving. Who is right..i dont
know, i hope they both are. Read the 10k..WAG talks
about this sort of thing..they are drawing lines in the
sand..hurah , great, way to go WAG...if it works then as a
shareholder i will be happy and if it doesnt, i amsue WAG
will react to it.
The old days of health care
are over,,,they are all squeezing each other to save
a buck...remeber WAG doesnt make anything, they
just resell inventory and service, they have no
patents, they do not make things that people buy so the
question is who has the power, someone like health
alliance with all its enrollees or a WAG store that those
people go to ?...i do not know, i just know it is not
easy to walk away from that base of people which WAG
in the press release admited as such.
no motive regarding heath alliance...i am as healthy
as a stud bull so personally it does not matter. Yes
i sold 1/2 my business to Carle which is linked to
them, but the other group i sold to is who i am
employed by. What WAG does they do for a reason, I have
never said they were wrong to do, it just raises
eyebrows and does not create a winning situation for any
concern. I am certain WAG is not thrilled about walking
away from Health Alliance...they did what they felt
was right and since they do most everything else
right, i am not selling...just raising my
1,2,3,4 who do we appreciate ?!!!! WAG, WAG, WAG
FEEL BETTER ?
Golden...wearing my WAG sweater
Frist i am a shareholder of WAG...alot of it at
least by my standards, they have great stores and great
locations and i am excited and confident about their growth
prospects going forward.
2nd...i have 15 years of
health care background and even eat lunch with a
pharmacist i know maybe 3 times a week at a private
3rd...someone is going to fill those prescripitions...now will
they go out of business for doing so , time will tell,
but my guess is that they will not, they will just be
willing to accept lower margins.
4) Employees , in
this part of the world do not get to pick and chose
their health insurer...their employer does and having
been an employer (sold my health care business to a
group in part connected to Health Alliance ), i can
tell you that cost spoke volumes over convience. Maybe
congress will change this, who knows, but that is the
reality for know.
5)Health Alliance is a big
provider, they i would guess from danville to bloomington
alone controll 1/2 the market of a population of i
guess 1/4 million people..the point is that you can
drive all day in this part of the state and see their
satalite centers connected to Carle clinic out of
champaign...they are not small fish. People may bitch bout not
getting to go to the corner WAG, but they will not be
half as lazy as i am and end up going to another
pharmacy which i guess in my town there is always 1 within
5 minutes of WAG..(We have 2 of them ).
The issue is not that they just drop health alliance
but rather is this a sign of things to come as both
sides of the equation attempt to pinch the others
margins. Will WAG announce another disolved agreement next
month with another HMO OR health plan ?
Because if they do it is never a win/ win for
8) Because as i said, some company is going to fill
those precsripitions and and that each visit lost to
WAG is someones sale and gain as they will also buy
other things in the store.
9) and finally, why
all the talk about prescpitions ? WELL 1/2 THE
COMPANIES SALES COME FROM THERE AND I WOULD ASSUME A BIG
CHUNK OF THEIR PROFIT...I am to lazy to look at the 10K
but i know it is not small change.
companies would love to be 1/2 as good as WAG, and if they
see an opening, they will go for it...You better
believe that at least as of today the pharmacy down the
street seems comfortable with it...what about places
like WALMART or KMART..hell they can and may just wish
to break even on the pharmacy side just to get
people in the store to buy other things. Those places
could close their pharmacys and they stayin
business..WAG cannot do that,so they could use their Pharmacy's
as a leverage.
I am just throwing things out
for some of you to think about, I am not selling WAG
andtrust they are and have thought it well out. But i do
know this is not an easy issue for them and it is a
dog eat dog business decision and that we as
shareholders should not take these pharmacys issues lightly or
dismiss them as if they do not matter.
criticially...not just glowingly.
Well pardon me, that's 3. The POINT is that WAG
is not out randomly canceling contracts as implied
by Golden, and I'd bet they aren't canceling
profitable ones. More power to WAG. When posts are made that
I disagree with, I will now, and in the future,
respond to them. If you don't feel that is constructive,
then don't read my posts.
is there. Read post 702 re:San Fran & Louisiana.
As far as Facman 43, Central IL is not "podunk", it
consists of several large metropolitan areas: Springfield,
Peoria, IL Quad Cities, Bloomington/Normal, Decatur,
Champaign/Urbana. There are alot more stores there than you may
think (sorry, specific # of stores
Berand (et al) does bring up a good point in Post 708.
Volume does not necessarily mean profits. Contractors
bid projects with a profit built-in. Yes, personal
service is a factor.
We need to have confidence in
WAG management. They should pass on select
opportunities if they feel it is not in the best interest of
the company/shareholders. That is why they are on our
Please quit "slinging hash" and provide constructive
First of all, if you are so hell fire consumed
with why WAG dumped HA and you ARE a shareholder, then
why haven't you called investor relations? Or were
you trying to generate calls to IR? Did you ask HA
why WAG dropped them as I suggested? What FACTS
brought you to the conclusion that cancelling this
particular contract was bad move? Tell me genius, why are we
"dumbasses?" Is it because no one reacted to your scare
tactics? How does the cancellation of ONE contract that
covered ONE portion of ONE state constitute a "trend?"
Your posts reflect that of a person who had some
personal interest in HA's contract with WAG, not a WAG
shareholder. Okay, so you lost your shirt on HA...Buy some WAG
stock. You'll feel better...<g>.
WAY TO GO berand---Maybe golden will get the
message!!!!I'm from a small town in SW Louisiana--we have 5 free
standing WAG stores (all within sight of other chains) and
they are doinga land office business!! PODUNK ILL. is
NOT the only place in the USA where WAG stores are
located. I enjoy shopping at our WAG stores because of the
friendly helpful employees. Lowestprices don't mean
everything to most people. SERVICE WITH A SMILE does.