PubMed · 11188362
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M Glabman. 2000. Downstream without a paddle.. https://pubmed.ncbi.nlm.nih.gov/11188362/
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On May 25, 2001, the California Department of Managed Health Care served Maxicare, a Los Angeles-based HMO with approximately 250,000 subscribers, a notice of conservatorship. Within the following 16 months, four other small California HMOs either filed for bankruptcy or were put under state conservatorship. The age of the small HMO in California had come to an end.