When you think about MSK, when you think about renal, even what we’re doing around the seriously mentally ill, we will be looking to not only partnerships, but acquisitions that can help us in that regard.
Gail Boudreaux: Thanks, Pete, and thanks for the question. And I think if just summarize everything Pete said, we’re really working in Carelon across kind of four major areas. Obviously, pharmacy with CarelonRx and then three pillars inside of our Carelon services business, care delivery, our insights and our behavioral health and all of those come together in all of Pete said. And we have a great opportunity to provide greater certainty and cost management to our owned health businesses, but externally commercialize that and seen a lot of momentum going into ’24 on that, prove it on ourselves and then show the market the capabilities, particularly around the Blue system. So, thanks again for the question, Josh, and this will be our last question.
Operator: And our final question, we’ll go to the line of Justin Lake from Wolfe Research. Please go ahead.
Justin Lake: Thanks for squeezing me in, and I’ll ask it my thanks to John for everything over the years. Really appreciate it, bud. Along those lines, Gail, maybe you can give us a little color around the CFO search and what you expect Mark to bring to the organization. And then just curious, if you have any early views on 2024 Medicare Advantage membership growth, both for Elevance and the market overall? Thanks.
Gail Boudreaux: Well, thanks for the question, Justin. And first of all, I will also offer my appreciation to John for his guidance and his counsel and honestly, our partnership over the time that I have been CEO. John and Mark has been here now for about a month. We’re excited about having Mark Kaye join us. As you know, he was the CFO of Moody’s. Mark brings — he’s an actuary by training, brings an incredible insight to our business. He and John have been working hand-in-hand on the transition, and John will be continuing as an adviser to me through the first quarter, as you heard in his opening remarks. I think we’re at an incredible time in our business. We have great growth. We have a very diversified business and I’m excited about Mark joining our team and excited about the whole team.
And thank John, we will all miss him, but he deserves time with his family and an opportunity to do things and work on his golf game, as you know, Justin. So, from that — and I’m going to ask Felicia to comment a little bit about Medicare Advantage as you know, AEP has just started. So, it’s really very early in days, so maybe Felicia can share a few comments about her thoughts on what we expect.
Felicia Norwood: So good morning, Justin, and thank you. We are actually very excited about AEP. As Gail referenced, we are only three days in, but we’re actually very pleased with the response we have from our brokers regarding the competitive positioning of our benefits and we believe that will be able to grow membership above the market in excess of some strategic decisions that we made around targeted market exit. So I want to point out that we made the very intentional and discrete decision to leave some markets that have been underperforming for us some period of time. Strategically, it was the right thing to do so that we can make sure we are focused on those markets where we have an opportunity to be very successful, deliver strong benefits for the members that we’re privileged to serve.
So as we think about where are today, we feel good about our positioning. As I said, we’re very early in terms of where we are. But we believe as we head into 2024, we’re going to be able deliver solid growth. As I said, I believe that will be above the overall market rate, based on where we’re positioned. So thank you very much for the question.
Gail Boudreaux: Well, thank you, Felicia. And thank you to all of you on the line for your continued support and for joining us. Through a steadfast focus on whole health our diverse and expanding suite of products and solutions, we will continue to meet the needs of clients, consumers and the communities we serve, advancing our strategy of becoming a lifetime trusted health partner, while delivering on our commitments to all of our stakeholders. Thank you for your interest in Elevance Health. And have a great rest of the week.
Operator: Ladies and gentlemen, a recording of this conference will be available for replay after 11:00 AM today through November 17, 2023, you may access the replay system at any time by dialing 866-405-7293, and international participants can dial 203-369-0605. This concludes our conference for today. Thank you for your participation and for using Verizon Conferencing. You may now disconnect.
