Report Materials
This final audit report points out that Blue Cross and Blue Shield of Michigan, Inc. received $2,135,884 in unallowable Medicare reimbursement for pension expenses claimed in 1988. The amount received was not computed or funded in accordance with Federal Acquisition Regulations or Cost Accounting Standards. We recommended procedural improvements and a financial adjustment for $2,135,884. Both Health Care Financing Administration and Blue Cross and Blue Shield of Michigan, Inc. officials concurred with our recommendations.
Notice
This report may be subject to section 5274 of the National Defense Authorization Act Fiscal Year 2023, 117 Pub. L. 263.