v2.4.1.9

Medical Claims Liability (Tables)

12 Months Ended

Dec. 31, 2014

Medical Claims Liability [Abstract]

Schedule Of Change In Medical Claims Liability

The change in medical claims liability is summarized as follows ($ in millions):

	Year Ended December 31,
	2014				2013				2012
Balance, January 1,	$	1,112			$	815			$	519
Incurred related to:
Current year	12,820				9,073				6,836
Prior years	(142		)		(78		)		(55		)
Total incurred	12,678				8,995				6,781
Paid related to:
Current year	11,122				7,975				6,025
Prior years	945				723				460
Total paid	12,067				8,698				6,485
Balance, December 31,	$	1,723			$	1,112			$	815

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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://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 40

-Section 50

-Paragraph 3

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6482485&loc=d3e14764-158437

+ Details

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