SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) April 28, 1997
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MAXICARE HEALTH PLANS, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-12024 95-3615709
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(State or other jurisdiction (Commission (IRS Employer
of incorporation or File Number) Identification No.)
organization)
1149 South Broadway Street, Los Angeles, California 90015
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (213) 765-2000
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Item 5. Other Events.
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Maxicare Health Plans, Inc. (the "Company") reported that
it has filed an appeal with the Commonwealth of
Pennsylvania Court seeking to overturn the order received
by the Company on March 31, 1997 from the Commonwealth of
Pennsylvania Board of Claims and to award the Company
damages. In its order the Board of Claims ruled that the
Company is not entitled to any recovery on its claim
against the Pennsylvania Department of Public Welfare for
in excess of $24 million plus accrued interest, in
connection with the operation of a Medicaid managed care
program from 1986 through 1989.
Item 7. Financial Statements, Pro Forma Financial Information and
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Exhibits
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(a) Financial Statements of Businesses Acquired.
None.
(b) Pro Forma Financial Information.
None.
(c) Exhibits.
Exhibit No. 99.3 Press release re Appeal of Board of
Claims Ruling
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
Maxicare Health Plans, Inc.
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(Registrant)
April 28, 1997 /s/ EUGENE L. FROELICH
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Eugene L. Froelich
Chief Financial Officer
and Executive Vice President -
Finance and Administration
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Exhibit 99.3
MAXICARE APPEALS BOARD OF CLAIMS RULING
LOS ANGELES, APRIL 28, 1997----MAXICARE HEALTH PLANS, INC. (NASDAQ
- - NMS:MAXI) announced today that the Company filed an appeal with
the Commonwealth of Pennsylvania Commonwealth Court seeking to
overturn the order received by the Company on March 31, 1997 from
the Commonwealth of Pennsylvania Board of Claims and to award the
Company damages. In its order the Board of Claims ruled that the
Company is not entitled to any recovery on its claim against the
Pennsylvania Department of Public Welfare for in excess of $24
million plus accrued interest, in connection with the operation of
a Medicaid managed care program from 1986 through 1989.
Maxicare is a managed health care company with health plans
operating in California, Indiana, Illinois, Louisiana, North
Carolina, South Carolina and Wisconsin.
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