Blue Cross Blue Shield of Georgia Overstated Its Medicare Segment Pension Assets and Understated Medicare's Share of the Excess Liabilities as of May 31, 2009

Blue Cross Blue Shield of Georgia (BCBSGA), a terminated Medicare contractor, overstated the Medicare segment pension assets as of May 31, 2009, by $13,000. In addition, BCBSGA understated Medicare's share of excess pension liabilities by $9,000 as a result of the segment closing adjustment on May 31, 2009.