“we do expect to have a meaningful contribution of earnings improvement from these two assets from their base in 2023 into 2024, and everything we’ve seen in our first quarter of ownership, I think has been consistent with that, and I think we’re even more--have stronger conviction about the value that we can bring, so they will be a positive contributor in our estimation of earnings growth in 2024.”

In context

“thinking about the operating income contributions from Oak Street and Signify - I assume those are different directions in 2024, and specifically in light of the risk change--risk model changes, I would assume there could be some benefit in Signify, some headwind for Oak Street. If you could also maybe size the impact to the risk model changes on the MA segment in the Aetna business in reimbursement, that would be helpful too. Shawn Guertin: Yes, I can talk a little bit about the segment, and then I can have Mike talk a little bit and Dan talk a little bit about the changes for 2024. It’s an important question because as part of our strategy that we’ve talked about, the growth in the earnings from these two assets is an important part of increasing our long term earnings growth rate, and we do expect to have a meaningful contribution of earnings improvement from these two assets from their base in 2023 into 2024, and everything we’ve seen in our first quarter of ownership, I think has been consistent with that, and I think we’re even more--have stronger conviction about the value that we can bring, so they will be a positive contributor in our estimation of earnings growth in 2024. I’ll turn it to Mike and Dan to talk a little bit about the risk model and the changes for 2024. Dan Finke: Yes, on the HCB side, I would think about it in this way. First of all, the model’s being phased in over time. We were pleased with that decision. Our modeling overall was very similar in the aggregate to the modeling of CMS, and frankly with our size of book, it allows us to really manage the impact over time, so minimal impact to HCB. Mike Pykosz: From Oak Street’s perspective, I think the thing to remember is a lot of the changes in the risk model changes were driven by less specific codes being replaced by more specific codes, so you’ll have less documentation codes with a lower coefficient on a high number of patients and higher coefficient codes on a lower number of patients.”