MEDICAL COSTS PAYABLE (Tables)

3 Months Ended

Mar. 31, 2023

Insurance [Abstract]

Schedule of Liability for Unpaid Claims and Claims Adjustment Expense

The following table shows the components of the change in medical costs payable for the three months ended March 31 (in thousands):

	March 31,
	2023		2022
Medical costs payable - January 1	$	411,753	$	263,187
Incurred related to:
Current year	656,599		672,697
Prior year	30,354		(76)
Total incurred	686,953		672,621
Paid related to:
Current year	338,907		367,504
Prior year	301,334		161,143
Total paid	640,241		528,647
Medical costs payable - March 31	$	458,465	$	407,161

The table below details the components making up the medical costs payable as of March 31 (in thousands):

	March 31,
	2023		2022
Claims unpaid	$	52,502	$	63,329
Provider incentive payable	61,748		40,691
Claims adjustment expense liability	5,823		4,918
Incurred but not reported (IBNR)	338,392		298,223
Total medical costs payable	$	458,465	$	407,161

The table below details the components making up the medical costs payable within current liabilities of discontinued operations (in thousands):

	March 31, 2023		December 31, 2022
Claims unpaid	$	61,398	$	60,477
Provider incentive payable	1,717		3,446
Claims adjustment expense liability	14,293		45,932
Incurred but not reported (IBNR)	138,206		575,930
Total medical costs payable of discontinued operations	$	215,614	$	685,785