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Source: George Washington University
"Managed Care Corporate Failures: An Overview of Bankruptcy and Insurance Insolvency Procedures," March 2003, by Sara Rosenbaum, a law professor a George Washington University. Rosenbaum said federal and many state laws remain "murky" in how they deal with Medicaid managed care companies in the event of a failure. Rosenbaum said the situation is little changed since her 2003 article. "It's an area that doesn't get a lot of attention," she said.