Segments (Tables)

9 Months Ended

Sep. 30, 2021

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020

	(In millions)
Total revenue:
Medicaid	$	5,354	$	3,996	$	15,583	$	11,124
Medicare	875		636		2,502		1,909
Marketplace	793		389		2,224		1,155
Other	18		—		53		—
Total	$	7,040	$	5,021	$	20,362	$	14,188

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.


	September 30,		December 31,
	2021		2020

	(In millions)
Goodwill:
Medicaid	$	387	$	378
Medicare	247		247
Other	67		67
Intangibles assets, net:
Medicaid	135		157
Medicare	65		76
Other	14		16
Total	$	915	$	941

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020

	(In millions)
Margin:
Medicaid	$	532	$	509	$	1,687	$	1,427
Medicare	151		91		329		333
Marketplace	68		70		331		272
Other	4		—		11		—
Total margin	755		670		2,358		2,032
Add: other operating revenues (1)	222		253		620		744
Less: other operating expenses (2)	(756)		(634)		(2,149)		(1,789)
Operating income	221		289		829		987
Other expenses, net	30		27		90		77
Income before income tax expense	$	191	$	262	$	739	$	910

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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.