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But PacifiCare's move to shrink its corporate overhead doesn't address issues important to investors--high Medicare exposure and a very leveraged balance sheet, said Todd Richter, an equity analyst with Banc of America Securities. Use of Proceeds, Future Indebtedness, and Future Corporate Overhead For the quarter, the increased Corporate Overhead expense, excluding depreciation and the notable items above, was the result of additional staff, increases in compensation, and other corporate expenses. |
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