Segments (Tables)

6 Months Ended

Jun. 30, 2021

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020

	(In millions)
Total revenue:
Medicaid	$	5,209	$	3,611	$	10,229	$	7,128
Medicare	822		634		1,627		1,273
Marketplace	751		373		1,431		766
Other	18		—		35		—
Total	$	6,800	$	4,618	$	13,322	$	9,167

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.


	June 30,		December 31,
	2021		2020

	(In millions)
Goodwill:
Medicaid	$	390	$	378
Medicare	247		247
Other	67		67
Intangibles assets, net:
Medicaid	143		157
Medicare	68		76
Other	14		16
Total	$	929	$	941

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020

	(In millions)
Margin:
Medicaid	$	551	$	553	$	1,155	$	918
Medicare	101		125		178		242
Marketplace	112		96		263		202
Other	3		—		7		—
Total margin	767		774		1,603		1,362
Add: other operating revenues (1)	199		246		398		491
Less: other operating expenses (2)	(693)		(596)		(1,393)		(1,155)
Operating income	273		424		608		698
Other expenses, net	30		29		60		50
Income before income tax expense	$	243	$	395	$	548	$	648

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(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.