Review of the Qualified Pension Plan at Blue Cross Blue Shield of Nebraska, A Terminated Medicare Contractor, for the Period January 1, 1994, to November 30, 2007

Blue Cross Blue Shield of Nebraska (BCBS Nebraska), a Centers for Medicare & Medicaid Services (CMS) contractor, overstated the Medicare segment pension assets by $154,000 and overstated Medicare's share of excess pension liabilities, due to the termination of the Medicare contracts, by $6,000. BCBS Nebraska administered Medicare Part A operations under cost reimbursement contracts with CMS.