Dr. Prem Reddy is doing what many struggling physicians would love to do--he's canceled all his HMO contracts. Dr. Reddy, who made his millions building an HMO, now operates a chain of California hospitals that don't work with HMOs. The way he's set things up, if critically-ill patients come into his ERs with HMO coverage, the HMO must pay the top-dollar out of network price. This has some physicians worried and others impressed. Article