BENEFITS PAYABLE (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Activity in Benefits Payable

On a consolidated basis, which represents our Insurance segment net of eliminations, activity in benefits payable was as follows for the years ended December 31, 2022, 2021 and 2020:


	2022		2021		2020
	(in millions)
Balances at January 1	$	8,289	$	8,143	$	6,004

Less: Reinsurance recoverables	—		—		(68)
Balances at January 1, net	8,289		8,143		5,936
Acquisitions	—		42		—
Incurred related to:
Current year	76,105		70,024		61,941
Prior years	(415)		(825)		(313)
Total incurred	75,690		69,199		61,628
Paid related to:
Current year	(67,287)		(62,149)		(54,003)
Prior years	(7,428)		(6,946)		(5,418)
Total paid	(74,715)		(69,095)		(59,421)


Balances at December 31	$	9,264	$	8,289	$	8,143

Schedule of Incurred and Paid Claims Development

The following tables provide information about incurred and paid claims development as of December 31, 2022, net of reinsurance.


	Incurred Claims, Net of Reinsurance
	For the Years Ended December 31,
Claims Incurred Year	2020 Unaudited		2021 Unaudited		2022
	(in millions)
2020	$	61,941	$	61,258	$	61,224
2021			70,066		69,698
2022					76,105
Total					$	207,027


	Cumulative Paid Claims, Net of Reinsurance
	For the Years Ended December 31,
Claims Incurred Year	2020 Unaudited		2021 Unaudited		2022
	(in millions)
2020	$	54,003	$	60,886	$	61,224
2021			62,149		69,252
2022					67,287
Total					197,763
All outstanding benefit liabilities before 2020, net of reinsurance					N/A
Benefits payable, net of reinsurance					$	9,264