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Segments (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Operating segment information

The following table presents total revenue by segment. Inter-segment revenue was insignificant for all periods presented.

			Three Months Ended March 31,
			2021						2020
			(In millions)
Total revenue:
Medicaid			$	5,020					$	3,517
Medicare			805						639
Marketplace			680						393
Other			17						—
Total			$	6,522					$	4,549

The following table presents goodwill and intangibles assets, net by segment. For the Magellan Complete Care acquisition completed on December 31, 2020, the total purchase price was preliminarily allocated to tangible and intangible assets acquired, and liabilities assumed, based on their fair values as of the acquisition date. We expect to complete the final determination of the purchase price allocation no later than December 31, 2021, which may result in adjustments to the related goodwill and intangible assets, net.

			March 31,						December 31,
			2021						2020
			(In millions)
Goodwill:
Medicaid			$	372					$	378
Medicare			247						247
Other			67						67
Intangibles assets, net:
Medicaid			150						157
Medicare			72						76
Other			15						16
Total			$	923					$	941

The following table reconciles margin by segment to consolidated income before income taxes.

			Three Months Ended March 31,
			2021						2020
			(In millions)
Margin:
Medicaid			$	604					$	365
Medicare			77						117
Marketplace			151						106
Other			4						—
Total margin			836						588
Add: other operating revenues (1)			199						245
Less: other operating expenses (2)			(700)						(559)
Operating income			335						274
Other expenses, net			30						21
Income before income tax expense			$	305					$	253

______________________

(1)Other operating revenues include premium tax revenue, health insurer fees reimbursed, investment income, and other revenue.

(2)Other operating expenses include general and administrative expenses, premium tax expenses, health insurer fees, depreciation and amortization, and other operating expenses.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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- References

No definition available.

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