Annual report pursuant to Section 13 and 15(d)

Claims Payable

v3.23.1
Claims Payable
12 Months Ended
Dec. 31, 2022
Claims Payable.  
Claims Payable

Note 11: Claims Payable

Claims payable includes claims reported as of the end of the reporting period, including estimates for IBNR, due to third parties for health care services provided to members. Activity in the liability for claims payable and healthcare expenses was as follows:

December 31,

    

2022

    

2021

Claims unpaid, beginning of period

$

101,958

$

76,031

Incurred, related to:

Current period

 

942,570

55,149

Prior period(s)

 

882

174

Total incurred

 

943,452

55,323

Paid, related to:

 

Current period

 

794,026

53,366

Prior period(s)

 

100,177

2,928

Total paid

 

894,203

56,294

Claims unpaid assumed in acquisitions

26,898

Claims unpaid, end of period

$

151,207

$

101,958

Estimates for incurred claims are based on historical enrollment and cost trends while also taking into consideration operational changes. Future and actual results typically differ from estimates. Differences could result from an overall change in medical expenses per member, changes in member mix or simply due to the addition of new members.