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Medical Costs Payable (Notes)

6 Months Ended

Jun. 30, 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 six months ended June 30:


(in millions)	2023		2022
Medical costs payable, beginning of period	$	29,056	$	24,483
Acquisitions	1		171
Reported medical costs:
Current year	120,773		104,936
Prior years	(660)		(320)
Total reported medical costs	120,113		104,616
Medical payments:
Payments for current year	(91,621)		(78,937)
Payments for prior years	(25,602)		(21,355)
Total medical payments	(117,223)		(100,292)
Medical costs payable, end of period	$	31,947	$	28,978

For the six months ended June 30, 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 $22.0 billion and $20.0 billion at June 30, 2023 and December 31, 2022, respectively.