Report Materials
Empire Blue Cross Blue Shield (Empire), a CMS contractor, properly implemented our prior audit recommendation regarding an earlier review of its Medicare segment pension assets; however, it did not always comply with Federal requirements and the Medicare contracts' pension segmentation requirements while updating the Medicare segment pension assets from January 1, 1999, through December 31, 2006. As a result, Empire overstated the Medicare segment pension assets by $131,494.
We recommended that Empire decrease its Medicare segment pension assets as of December 31, 2006, by $131,494. Empire's Medicare contract was transferred to National Government Systems (NGS) effective January 1, 2007. NGS agreed with our recommendation.
Notice
This report may be subject to section 5274 of the National Defense Authorization Act Fiscal Year 2023, 117 Pub. L. 263.