EXECUTIVE SUMMARY:
This audit was a review of the National Heritage Insurance Company's (NHIC) Final Administrative Cost Proposals under the Medicare program of the period October 1, 1995 through September 30, 1998. NHIC claimed program administrative costs of $87,734,514. The audit was performed by independent auditors who found that NHIC was in compliance with the Federal Acquisition Regulation and generally accepted accounting standards. There were no findings and recommendations related to this report.