v2.4.1.9
Discontinued Operations (Notes)
 12 Months Ended
Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
Discontinued Operations: Kentucky Spirit Health Plan

In October 2012, the Company notified the Kentucky Cabinet for Health and Family Services (Cabinet) that it was exercising a contractual right that it believes allowed the Company to terminate its Medicaid managed care contract with the Commonwealth of Kentucky (Commonwealth) effective July 5, 2013.  As of July 6, 2013, our subsidiary, Kentucky Spirit Health Plan (KSHP), ceased serving Medicaid members in Kentucky. Refer to Note 17, Contingencies, in the Notes to the Consolidated Financial Statements for further information regarding litigation between the Company and the Cabinet.

Accordingly, the results of operations of KSHP are presented as discontinued operations for all periods presented. The assets, liabilities and results of operations of KSHP are classified as discontinued operations for all periods presented beginning in 2011. KSHP was previously reported in the Managed Care segment.

During the year ended December 31, 2014, the Company received $8 million of dividends from KSHP. KSHP had remaining statutory capital of approximately $80 million at December 31, 2014, which, subject to future dividends, will be transferred to unregulated cash upon regulatory approval.

Operating results for the discontinued operations are as follows ($ in millions):
 
 
Year Ended December 31,
 
 
2014
 
2013
 
2012
Revenues
 
$
—

 
$
248

 
$
557

Earnings (loss) before income taxes
 
$
4

 
$
6

 
$
(134
)
Net earnings (loss)
 
$
3

 
$
4

 
$
(87
)


Assets and liabilities of the discontinued operations are as follows ($ in millions):
 
 
December 31, 2014
 
December 31, 2013
 
Current assets
 
$
75

 
$
78

 
Long term investments and restricted deposits
 
25

 
38

 
Other assets
 
—

 
—

 
Assets of discontinued operations
 
$
100

 
$
116

 
 
 
 
 
 
 
Medical claims liability
 
$
10

 
$
27

 
Accounts payable and accrued expenses
 
7

 
3

 
Other liabilities
 
1

 
1

 
Liabilities of discontinued operations
 
$
18

 
$
31