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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue:    
Premium revenue $ 4,304 $ 3,952
Premium tax revenue 150 138
Health insurer fees reimbursed 66 0
Investment income and other revenue 29 29
Total revenue 4,549 4,119
Operating expenses:    
Medical care costs 3,716 3,371
General and administrative expenses 317 302
Premium tax expenses 150 138
Health insurer fees 68 0
Depreciation and amortization 20 25
Other 4 3
Total operating expenses 4,275 3,839
Operating income 274 280
Other expenses, net:    
Interest expense 21 23
Other income, net 0 (3)
Total other expenses, net 21 20
Income before income tax expense 253 260
Income tax expense 75 62
Net income $ 178 $ 198
Net income per share:    
Basic (in dollars per share) $ 2.95 $ 3.19
Diluted (in dollars per share) $ 2.92 $ 2.99