Michael Ha

And long story short is a flat rate increase, 0.9%, like you mentioned, does not cut it.

Because right now, the cost trend environment in Medicare Advantage world, it's mid-single digit to high single digit.

So...

1% rate increase.

There's a huge delta.

That's incredibly insufficient.

And the importance of this is this might catalyze into 2027.

Because remember, this rate notice is for 27.

Seniors getting their benefits cut across the board and it impacting membership next year in a very significant way.

Because remember, if the health insurers are getting hit on rate and revenue, their levers are benefits.

That's the main lever right there.

Negatively will impact the consumer and negatively impacts the health insurance companies themselves.

And when you think about benefits, right, the...

the ones that you can really feel and that's most tangible to you, right?

It might be your dental benefits, your vision, things of that nature for seniors matter a lot.

And there's a multitude of them.

So it'll be felt, it'll be very impactful to 2027.

And actually, this is what has been happening, transpiring over the past couple of years, because under Biden's administration, rates were...

terrible.

They were abysmal.