Complete
Text of Report is available in PDF format (1.29 MB). Copies can also be obtained
by contacting the Office of Public Affairs at 202-619-1343.Complete
Text of Report is available in PDF format (1.29 MB). Copies can also be obtained
by contacting the Office of Public Affairs at 202-619-1343.EXECUTIVE SUMMARY:
This final audit report points out that Blue Cross and Blue Shield of Michigan (Michigan) had accumulated $2.5 million in pension costs that are unallowable for Medicare reimbursement because the pension costs were not funded. We recommended that Michigan separately identify $2.5 million as an unallowable component of pension costs as of January 1,1990, continue a yearly update of unallowable pension cost components related to the unfunded costs for 1986 through 1989, and identify unallowable components of pension costs for any subsequent years for which costs of the pension plan are not funded.
