Enrollment DeclineEnhanced advanced premium tax credits (eAPTCs) expire and could lead to a market enrollment decline and margin pressure.
Geographic ExposureOSCR's geographic exposure in states like FL/GA/TX faces significant enrollment attrition, requiring share gains or traction in new markets to offset core degradation.
Regulatory And Funding PressuresRegulatory and funding pressures, along with eAPTC expiration, are expected to cause significant adverse risk pool shifts and structurally lower margins.