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Medicare Part D
6 Months Ended
Jun. 30, 2013
Medicare Part D

6. MEDICARE PART D

We cover prescription drug benefits in accordance with Medicare Part D under multiple contracts with CMS. The condensed consolidated balance sheets include the following amounts associated with Medicare Part D at June 30, 2013 and December 31, 2012. The risk corridor settlement includes amounts classified as long-term because settlement associated with the 2013 provision will exceed 12 months at June 30, 2013.

 

     June 30, 2013     December 31, 2012  
   Risk
Corridor
Settlement
    CMS
Subsidies/

Discounts
    Risk
Corridor
Settlement
    CMS
Subsidies/

Discounts
 
     (in millions)  

Other current assets

   $ 37      $ 758      $ 37      $ 635   

Trade accounts payable and accrued expenses

     (217     (344     (393     (77
  

 

 

   

 

 

   

 

 

   

 

 

 

Net current (liability) asset

     (180     414        (356     558   
  

 

 

   

 

 

   

 

 

   

 

 

 

Other long-term assets

     39        0        0        0   

Other long-term liabilities

     (29     0        0        0   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net long-term asset

     10        0        0        0   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total net (liability) asset

   $ (170   $ 414      $ (356   $ 558   
  

 

 

   

 

 

   

 

 

   

 

 

 

At December 31, 2012, the net risk corridor payable balance included a payable of $158 million related to the 2011 contract year that was paid in January 2013.