Blue Cross Blue Shield of Tennessee Overstated the Medicare Segment Pension Assets and Medicare's Share of the Excess Pension Liabilities Due to the Segment Closing

Blue Cross Blue Shield of Tennessee (BCBS Tennessee), a Centers for Medicare & Medicaid Services (CMS) contractor, overstated the Medicare segment pension assets by $176,000 and overstated Medicare's share of excess pension liabilities, due to the termination of the Medicare contracts, by $179,000. BCBS Tennessee administered Medicare Part A operations under cost reimbursement contracts with CMS until the contractual relationship was terminated effective August 1, 2009.