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Health Care Costs Payable (Tables)

3 Months Ended

Mar. 31, 2024

Health Care And Other Insurance Liabilities [Abstract]

Components of Change in Health Care Costs Payable

The following table shows the components of the change in health care costs payable during the three months ended March 31, 2024 and 2023:

			Three Months Ended March 31,
In millions			2024						2023
Health care costs payable, beginning of the period			$	12,049					$	10,142
Less: Reinsurance recoverables			5						5
Less: Impact of discount rate on long-duration insurance reserves (1)			(23)						8
Health care costs payable, beginning of the period, net			12,067						10,129
Add: Components of incurred health care costs
Current year			28,212						21,068
Prior years			(479)						(693)
Total incurred health care costs (2)			27,733						20,375
Less: Claims paid
Current year			16,263						11,957
Prior years			9,150						7,645
Total claims paid			25,413						19,602
Health care costs payable, end of the period, net			14,387						10,902
Add: Reinsurance recoverables			4						5
Add: Impact of discount rate on long-duration insurance reserves (1)			(23)						(12)
Health care costs payable, end of the period			$	14,368					$	10,895

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(1)Reflects the difference between the current discount rate and the locked-in discount rate on long-duration insurance reserves which is recorded within accumulated other comprehensive loss on the unaudited condensed consolidated balance sheets.

(2)Total incurred health care costs for the three months ended March 31, 2024 and 2023 in the table above exclude $23 million and $22 million, respectively, of health care costs recorded in the Health Care Benefits segment that are included in other insurance liabilities on the unaudited condensed consolidated balance sheets and $47 million and $51 million, respectively, of health care costs recorded in the Corporate/Other segment that are included in other insurance liabilities on the unaudited condensed consolidated balance sheets.

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- Definition

Health Care and Other Insurance Liabilities [Abstract]

+ References

No definition available.

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- Definition

Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480081/944-40-50-3

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