Note 5 - Liability for Claims Payable

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Liability for Claims Payable [Text Block]

5. LIABILITY FOR CLAIMS PAYABLE

Activity in the liability for claims payable for members is summarized as follows:

	Three months ended			Three months ended
	March 31, 2019			March 31, 2018
Balance—January 1	$	2,612,817		$	3,576,185
Net incurred claims related to:
Current year		15,330,769			14,772,661
Prior years		(147,435	)		(63,592	)
Net incurred claims		15,183,334			14,709,069
Net paid claims related to:
Current year		11,656,420			11,214,213
Prior years		2,142,040			3,159,489
Net paid claims		13,798,460			14,373,702
Balance—March 31	$	3,997,691		$	3,911,552