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BENEFITS PAYABLE (Tables)
12 Months Ended
Dec. 31, 2023
Insurance [Abstract]  
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, 2023, 2022 and 2021:
202320222021
 (in millions)
Balances at January 1$9,264 $8,289 $8,143 
Acquisitions62 — 42 
Incurred related to:
Current year89,266 76,105 70,024 
Prior years(872)(415)(825)
Total incurred88,394 75,690 69,199 
Paid related to:
Current year(79,545)(67,287)(62,149)
Prior years(7,934)(7,428)(6,946)
Total paid(87,479)(74,715)(69,095)
Balances at December 31$10,241 $9,264 $8,289 
Schedule of Incurred and Paid Claims Development The following tables provide information about incurred and paid claims development as of December 31, 2023, net of reinsurance.
Incurred Claims, Net of Reinsurance
For the Years Ended December 31,
Claims Incurred Year2021
Unaudited
2022
Unaudited
2023
(in millions)
2021 & Prior$70,066 $69,698 $69,484 
202276,105 75,447 
202389,328 
 Total$234,259 
Cumulative Paid Claims, Net of Reinsurance
For the Years Ended December 31,
Claims Incurred Year2021
Unaudited
2022
Unaudited
2023
(in millions)
2021 & Prior$62,149 $69,252 $69,484 
202267,287 74,989 
202379,545 
 Total224,018 
All outstanding benefit liabilities before 2021, net of reinsuranceN/A
Benefits payable, net of reinsurance$10,241