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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 114,771 $ 109,395
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 18,422 17,615
Loss on disposal or abandonment of property, equipment and software 320 24
Deferred tax benefit (144) (1,972)
Compensation expense related to share-based payments 10,757 9,571
Convertible debt non-cash interest 5,682 5,323
Gain on sale of intangible assets   (4,000)
Other 7,263 4,189
Changes in assets and liabilities (decreasing) increasing cash flows from operations:    
Premium receivables (31,616) (10,140)
Prepaid expenses, provider and other receivables and other current assets (28,722) (6,138)
Other assets (2,106) (55)
Claims payable 8,833 (3,433)
Accounts payable, accrued expenses, contractual refunds payable and other current liabilities 10,653 41,371
Unearned revenue 1,146 (50,474)
Other long-term liabilities (606) (1,714)
Net cash provided by operating activities 114,653 109,562
Cash flows from investing activities:    
Proceeds from sale of trading securities   8,992
Proceeds from sale of available-for-sale securities 464,366 416,066
Purchase of available-for-sale securities (721,853) (575,966)
Proceeds from redemption of investments on deposit for licensure 68,374 36,007
Purchase of investments on deposit for licensure (78,606) (48,523)
Purchase of property, equipment and software (20,170) (13,508)
Proceeds from sale of intangible assets   4,000
Purchase of contract rights and related assets   (13,420)
Net cash used in investing activities (287,889) (186,352)
Cash flows from financing activities:    
Net increase in bank overdrafts 16,262 13,361
Customer funds administered 3,078 1,404
Proceeds from exercise of stock options and employee stock purchases 40,020 9,761
Repurchase of common stock shares (79,997) (43,676)
Tax benefit (expense) related to share-based payments 12,698 (142)
Net cash used in financing activities (7,939) (19,292)
Net decrease in cash and cash equivalents (181,175) (96,082)
Cash and cash equivalents at beginning of period 763,946 505,915
Cash and cash equivalents at end of period 582,771 409,833
Supplemental disclosures of non-cash information:    
Employee stock relinquished for payment of taxes (3,621) (1,714)
Unrealized gain on available-for-sale securities, net of tax 5,355 944
Auction rate securities pending settlement   $ 3,008