Blue Cross Blue Shield Association Overstated Its Medicare Segment Pension Assets and Understated Medicare's Share of the Medicare Segment Excess Pension Assets as of September 30, 2015

Blue Cross Blue Shield Association, a terminated Medicare contractor, overstated the Medicare segment pension assets by $1 million as of September 30, 2015. In addition, Blue Cross Blue Shield Association understated Medicare's share of the Medicare segment excess pension assets by $161,000 as of September 30, 2015, as a result of the contract termination.