“Given the adjustments we've talked about around Medicare Advantage broadly, moving from three to five to two to four because of the impact of the inflation reduction act, we'd expect that to be, you know, mirrored in the community and state growth targets. So, you know, two to four still in community and state or adjusted to in community state and Medicaid would be kind of a two percent targeted margin.”

In context

“e benefit cost trend assumptions are building in and they talked to looking towards the about a ten percent trend for 2026 with the actual rate of premium increase determined by what CMS has come out with. But let's get a little deeper into that and talk about specific components, maybe even get into commercial and some of the things that we're doing in there. Tim, I'll lead it with you and just go ahead. Tim Noel: Yeah. So answering the question around, you know, our long-term margins in the Medicaid business itself, you know, excluding the dual special needs plans in Canadian state. The rated margin, that we attempt to attain with the states is around a two percent margin. Historically, we've talked about blending to a three to five percent margin within the community and state segment. Given the adjustments we've talked about around Medicare Advantage broadly, moving from three to five to two to four because of the impact of the inflation reduction act, we'd expect that to be, you know, mirrored in the community and state growth targets. So, you know, two to four still in community and state or adjusted to in community state and Medicaid would be kind of a two percent targeted margin. John Rex: And Anne, in terms of your you know, the point you were making about kind of premium increases one would expect in 2026 as you go into that overall on the eighty percent of premiums renewal. So Bobby and Tim, shaping up what happens in kind of those businesses, those government program businesses and the premiums coming from those customers and then what they're doing in the benefit design underneath there. And then maybe it'd be helpful if Dan Keter comment a little bit on some of the pricing expectations in commercial markets and what he's seeing there because that's another important part of what's driving that premium increase in that marketplace. Dan Schumacher: Yeah, John. Sure can. 2025, as noted in Tim's remarks, trend in the commercial group business has materialized a”