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MEDICARE PART D
3 Months Ended
Mar. 31, 2014
MEDICARE PART D

6. MEDICARE PART D

We cover prescription drug benefits in accordance with Medicare Part D under multiple contracts with CMS. The accompanying condensed consolidated balance sheets include the following amounts associated with Medicare Part D at March 31, 2014 and December 31, 2013. The risk corridor settlement includes amounts classified as long-term because settlement associated with the 2014 provision will exceed 12 months at March 31, 2014.

 

     March 31, 2014     December 31, 2013  
     Risk
Corridor
Settlement
    CMS
Subsidies/
Discounts
    Risk
Corridor
Settlement
    CMS
Subsidies/
Discounts
 
     (in millions)  

Other current assets

   $ 44      $ 880      $ 45      $ 743   

Trade accounts payable and accrued expenses

     (45     (406     (71     (30
  

 

 

   

 

 

   

 

 

   

 

 

 

Net current (liability) asset

     (1     474        (26   $ 713   
  

 

 

   

 

 

   

 

 

   

 

 

 

Other long-term assets

     68        0        0        0   

Other long-term liabilities

     (31     0        0        0   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net long-term asset

     37        0        0        0   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total net asset (liability)

   $ 36      $ 474      $ (26   $ 713