Affordable Care Act (Tables)
|6 Months Ended|
Jun. 30, 2020
|Affordable Care Act [Abstract]|
|Schedule of net receivables (payables) related to the Affordable Care Act Programs||.
The Company's net receivables (payables) for each of the programs are as follows ($ in millions):
In July 2020, the Centers for Medicare and Medicaid Services (CMS) announced the final risk adjustment transfers for the 2019 benefit year. As a result of the announcement, the Company reduced its risk adjustment net payables by $94 million from December 31, 2019. After consideration of minimum MLR, estimated Risk Adjustment Data Validation (RADV) audit results, and other related impacts, the net pre-tax benefit recognized was approximately $63 million for the six months ended June 30, 2020. Final RADV results are expected to be announced by CMS in August 2020.
Schedule of Receivables (Payables) Related to the Affordable Care Act Programs
No definition available.