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MEDICARE PART D
6 Months Ended
Jun. 30, 2015
Insurance [Abstract]  
MEDICARE PART D
MEDICARE PART D
We cover prescription drug benefits in accordance with Medicare Part D under multiple contracts with the Centers for Medicare and Medicaid Services, or CMS, as described in Note 2 to the consolidated financial statements included in our 2014 Form 10-K. The accompanying condensed consolidated balance sheets include the following amounts associated with Medicare Part D at June 30, 2015 and December 31, 2014. CMS subsidies/discounts in the table below include the reinsurance and low-income cost subsidies funded by CMS for which we assume no risk as well as brand name prescription drug discounts for Part D plan participants in the coverage gap funded by CMS and pharmaceutical manufacturers. The risk corridor settlement includes amounts classified as long-term because settlement associated with the 2015 provision will exceed 12 months at June 30, 2015.
 
June 30, 2015
 
December 31, 2014
Risk
Corridor
Settlement
 
CMS
Subsidies/
Discounts
 
Risk
Corridor
Settlement
 
CMS
Subsidies/
Discounts
 
(in millions)
Other current assets
$
105

 
$
2,104

 
$
105

 
$
1,690

Trade accounts payable and accrued expenses
(23
)
 
(176
)
 
(36
)
 
(32
)
Net current asset
82

 
1,928

 
69

 
1,658

Other long-term assets
121

 

 

 

Other long-term liabilities
(18
)
 

 

 

Net long-term asset
103

 

 

 

Total net asset
$
185

 
$
1,928

 
$
69

 
$
1,658