UnitedHealth Group Incorporated is a diversified health and well-being company dedicated to helping people live healthier lives.

Question:

UnitedHealth Group Incorporated is a diversified health and well-being company dedicated to helping people live healthier lives. The company operates under two distinct platforms: health benefits (UnitedHealthcare) and health services (Optum).
Requirements
1. What are ?
2. Review Note 13 (Commitments and Contingencies), specifically the section labeled Legal Matters. Does UnitedHealth Group Incorporated report any contingencies? If so, provide a summary.
3. How should a company handle that are reasonably possible or probable but cannot be estimated?
4. Review Note 13 (Commitments and Contingencies), specifically the section labeled California Claims Processing Matter. How did UnitedHealth Group Incorporated handle the recording of this contingent liability?
Contingent liabilities
A contingent liability is an obligation of business related to an uncertain future event. The business must record it in its financial statements if the amount can be reliably estimated and it is probable that amount will be paid by business as a...