Maxicare retains important membership.Maxicare retains important membership In a major victory for Los Angeles-based health maintenance organization Maxicare Health Plans Inc., the state Public Employees Retirement System board voted to keep Maxicare as an approved health plan. The board previously had been advised by a consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. offices of A. Foster Higgins, to drop seven of 19 HMOs that serve state employees and retirees. Maxicare has been one of the seven plans Higgins recommended giving the axe. But last week, the 13-member employee retirement system Board of Administration voted to keep all 19 plans, including Maxicare. The 229,000-enrollee Maxicare has 12,000 members among state workers and retirees. "We applaud the board's decision to continue contracting with Maxicare," said Peter Ratican Peter Joseph Ratican (born April 13, 1887 - died November 20, 1922) was an American amateur football (soccer) player who competed in the 1904 Summer Olympics. In 1904 he was a member of the Christian Brothers College team, which won the silver medal in the football , chairman and chief executive, in a prepared statement. "We think the individual employees should have the right to decide (what plan to pick)." Maxicare contracts with hospitals and 5,400 doctors in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). to provide health care to its enrollees, who are employees for governments and businesses that have selected Maxicare as a health plan. Maxicare two weeks ago emerged from 21 months in Chapter 11 bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most . The big HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, had borrowed heavily in the mid-1980s to finance an expansion, just as competition forced health plans to keep premium increases flat. By 1989 Maxicare couldn't make good on interest payments to creditors, and in March last year it declared bankruptcy. |
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