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Medical Liabilities (Tables)
6 Months Ended
Jun. 30, 2024
Liability for Unpaid Claims and Claims Adjustment Expense, Activity in Liability [Abstract]  
Schedule of Medical Liabilities

The Company’s medical liabilities consisted of the following (in thousands):

 

 

June 30,
2024

 

 

June 30,
2023

 

Medical liabilities, beginning of period

 

$

106,657

 

 

$

81,255

 

Acquired* (see Note 3)

 

 

34,074

 

 

 

4,757

 

Components of medical care costs related to claims incurred:

 

 

 

 

 

 

Current period

 

 

519,975

 

 

 

441,443

 

Prior periods

 

 

(3,467

)

 

 

(12,066

)

Total medical care costs

 

 

516,508

 

 

 

429,377

 

Payments for medical care costs related to claims incurred:

 

 

 

 

 

 

Current period

 

 

(394,391

)

 

 

(338,327

)

Prior periods

 

 

(110,932

)

 

 

(79,071

)

Total paid

 

 

(505,323

)

 

 

(417,398

)

Adjustments

 

 

(434

)

 

 

2,056

 

 

 

 

 

 

 

 

Medical liabilities, end of period

 

$

151,482

 

 

$

100,047

 

 

*The acquired balance includes medical liabilities from current and prior periods.