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Medical Costs Payable (Notes)

3 Months Ended

Mar. 31, 2023

Short-Duration Insurance and Deposit Contracts

Medical Costs Payable

The following table shows the components of the change in medical costs payable for the three months ended March 31:


(in millions)	2023		2022
Medical costs payable, beginning of period	$	29,056	$	24,483
Acquisitions	1		8
Reported medical costs:
Current year	60,315		52,813
Prior years	(470)		(290)
Total reported medical costs	59,845		52,523
Medical payments:
Payments for current year	(35,087)		(29,589)
Payments for prior years	(22,006)		(18,749)
Total medical payments	(57,093)		(48,338)
Medical costs payable, end of period	$	31,809	$	28,676

For the three months ended March 31, 2023 and 2022, prior years’ medical cost reserve development included no individual factors that were significant. Medical costs payable included reserves for claims incurred by insured customers but not yet reported to the Company of $21.7 billion and $20.0 billion at March 31, 2023 and December 31, 2022, respectively.