Video & Transcript Research : 'risk pool'
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TX
Transcript Highlights:
- Protecting our schools against these risks is putting a significant strain on our budget.
- This situation puts our students, our staff, and our taxpayers at risk.
- Yes, you're risking bad characters. Right. Yes.
- Well, you're risking bad character, but you are also...
- Getting lower prices potentially, so it's a risk-reward.
Bills:
HB178, HB178, HB1551, HB1939, HB2040, HB2354, HB2674, HB3029, HB3460, HB3631, HB3662, HB5201, HB5381
Keywords:
efficiency audit, political subdivision, tax rate, fiscal management, government accountability, Texas education, public schools, curriculum, social studies, high school graduation requirements, State Board of Education, Education Code, ethnic studies, world history, world geography, U.S. history, government, economics, personal financial literacy, free enterprise
TX
Transcript Highlights:
- Members, the committee substitute for House Bill 2911 allows TRS to impose a risk stabilization fee on
Bills:
HB178, HB1551, HB1939, HB2040, HB2354, HB2674, HB3029, HB3460, HB3631, HB3662, HB5201, HB5381, HB178
Keywords:
Texas education, public schools, curriculum, social studies, high school graduation requirements, State Board of Education, Education Code, ethnic studies, world history, world geography, U.S. history, government, economics, personal financial literacy, free enterprise, religious literature, Hebrew Scriptures, Old Testament, New Testament, ninth grade
TX
Transcript Highlights:
- add for the person's lack of capacity to recognize their mental health symptoms or to appreciate the risks
- Maintained persons must be at immediate risk to themselves. or others to qualify for emergency detention
- request. requirement that that this failure to recognize is so extreme that it still presenting a risk
- When these terms are left open to individual's interpretation there is a risk for bias, assumptions,
- litigation than less, as well as stop the legitimate investigation that defense attorneys do. do for risk
Bills:
SB330, SB663, SB1020, SB1152, SB1164, SB1896, SB2111, SB2196, SB2383, SB2581, SB2797, SB2798, SB2371
Keywords:
county funding, prosecutors' offices, elections, law enforcement, local government, community supervision, budget approval, corrections department, strategic plan, judicial oversight, SB 1020, Texas, personal bond office, pretrial release, electronic monitoring, GPS monitoring, global positioning system, bond conditions, probation, parole
TX
Transcript Highlights:
- whether a person's lack of capacity to recognize their mental health symptoms or to appreciate the risks
- A person must be an immediate risk to themselves or others to qualify for emergency detention and it
- others, or deterioration to a point where the person could suffer injury or substantial injury. ...a risk
- When these terms are left open to an individual’s interpretation, there is a risk for bias and assumptions
- more litigation than less, as well as stop the legitimate investigation that defense attorneys do for risk
Bills:
SB330, SB663, SB1020, SB1152, SB1164, SB1896, SB2111, SB2196, SB2383, SB2581, SB2797, SB2798, SB2371
Keywords:
county funding, prosecutors' offices, elections, law enforcement, local government, community supervision, budget approval, corrections department, strategic plan, judicial oversight, SB 1020, Texas, personal bond office, pretrial release, electronic monitoring, GPS monitoring, global positioning system, bond conditions, probation, parole
Summary:
The committee heard several criminal justice bills, with testimony largely focused on public safety, court procedures, and local criminal justice administration. SB 2371 would expand mandatory skimmer-reporting requirements from gas pumps to ATMs, point-of-sale systems, and virtual currency kiosks, with the Texas Financial Crimes Intelligence Center saying centralized reporting would improve investigations, preserve evidence, and help identify organized criminal groups. SB 2581 would repeal a special law governing commissary funds in certain large counties; the sponsor and the Sheriff’s Association said it would restore parity with other counties while keeping spending subject to audit and inmate-benefit limits. Both bills were laid out and left pending after testimony, with no public witnesses opposing them at the hearing.
The committee also heard SB 330, which would require voter approval before counties over a certain size reduce prosecutor funding, similar to an existing law for law enforcement budgets. Supporters argued prosecutors are essential to public safety and need stable funding, while an opponent from the Texas Civil Rights Project said the bill would restrict local budget flexibility and impose costly elections. SB 663 would remove district judges’ approval role for community supervision and corrections department budgets, replacing it with judge review after TDCJ-CJAD approval; probation officials said the change would reduce delays and confusion without reducing judicial oversight. SB 1020 would require more immediate sharing of ankle-monitor violation information and clarify that such records are not judicial work product; the Harris County DA’s office and Crime Stoppers supported it, citing inconsistent local practices and delays that can hinder prosecutions.
The committee then took up SB 1164 on emergency detention and court-ordered mental health services. The bill, from the Texas Judicial Commission on Mental Health, would update emergency detention forms, clarify officer duties, allow filings in the county where a person is apprehended or located, and add a factor related to a person’s inability to recognize symptoms or appreciate treatment risks. Supporters included family members, law enforcement, and mental health and judicial witnesses who described cases where earlier intervention might have prevented tragedy; opponents warned the broader language could be misused and emphasized due process and the need for dangerousness to remain the standard. SB 2111 on indigent defense would expand access to counsel at first hearings, strengthen managed assigned counsel programs, create internships and fellowships, and adjust other defense-related procedures; the Texas Indigent Defense Commission and county defense program leaders supported it, while the committee substitute removed some provisions to reduce fiscal impact. Finally, SB 2383 would let recently retired DPS officers return to work in limited roles to help address staffing shortages, and SB 2797 would create reciprocal discovery requirements for criminal cases; prosecutors and some committee members said it would reduce trial surprise and improve truth-seeking, while others questioned whether the bill fully matched the state’s disclosure obligations and whether it could burden defense rights. Several bills were left pending after testimony, and the committee established a quorum later in the hearing.
US
US Federal 2025-2026 Regular Session
Hearings to examine S.124, to amend title 38, United States Code, to provide for disciplinary procedures for supervisors and managers at the Department of Veterans Affairs and to modify the procedures of personnel actions against employees of the Dep Mar 11th, 2025 at 09:30 am
Senate Veterans' Affairs
Transcript Highlights:
- opportunity to address concerns with the Restore Accountability Act in order to mitigate litigation risk
Keywords:
Department of Veterans Affairs, disciplinary procedures, accountability, personnel actions, whistleblower protection, cancer, military, aircrew, veterans, health study, toxins, morbidity, mortality, service members, mental health, community care, accessibility, treatment programs, substance abuse, appointments
Summary:
During the meeting, various members engaged in extensive discussions surrounding 15 proposed bills related to veterans' affairs. Notably, concerns regarding recent VA workforce changes sparked debates, particularly about potential cuts and their implications for veterans' care and benefits. Chairman Moran emphasized the need for thoughtful reforms and coordination with stakeholders, urging responsible measures to prevent negatively impacting service delivery. The meeting highlighted a significant bipartisan effort to enhance veterans' access to essential health services, particularly in light of recent challenges faced by the VA workforce. Senator Blumenthal's assertions about the urgent plight of veterans due to cuts in personnel drew strong reactions, showcasing the deep concern among committee members regarding the current state of veteran services.
NH
Transcript Highlights:
- sector entity enjoys from the risk pool. sector entity enjoys from the risk pool.
- last item I will say is risk pools work. last item I will say is risk pools work.
- We are a non-accessible risk pool.
- We are a non-accessible risk pool.
- <01:46:26.480>
pools industry generally with risk pools industry generally with risk pools
NH
Transcript Highlights:
- <00:09:13.160>
pools solvency of some of the risk pools solvency of some of the risk pools - <00:18:04.919>
pools investigations of the risk pools investigations of the risk pools was - risk pools estimates that governmental risk pools estimates that risk<00:36:24.319>
pools <00: - risk will shift the risk from the pooled risk will shift the risk from the pooled risk management
- > risk<01:34:08.960>
is um but risk public risk pools risk is um but risk public risk pools
OK
Oklahoma 2026 Regular Session
Senate Legislative Session Apr 28th, 2026 at 01:30 pm
Oklahoma Senate Floor Meeting
Transcript Highlights:
- They dealt with limited pool space, switching facilities all season, and still showed up and handled
- Senators, staff members, I would like to reiterate one more time that with having no pool of their own
- These are low-risk food categories, so they deserve lighter regulation and trying to encourage entrepreneurship
Bills:
HB2894, HB3418, HB3415, HB3413, HB3414, HB3416, HB3417, HB3419, HB3420, HB1739, HB1752, HB1979, HB2941, HB2992, HB3075, HB3086, HB3177, HB3269, HB3278, HB3279, HB3497, HB3644, HB4432, HB3720, HB3849, HB3882, HB3919, HB3941, HB4118, HB4141, HB4268, HB4342, HB4428, HB4429, HB4434
Keywords:
HB2894, Oklahoma Rural Jobs Act, rural jobs, rural investment, tax credit, capital investment tax credit, state tax credits, economic development, rural fund, rural investor, qualified investment, eligible business, Department of Commerce, rural business, investment certification, tax liability, credit cap, workforce development, small business finance, rural development
OK
Oklahoma 2026 Regular Session
Senate Legislative Session Apr 28th, 2026 at 09:00 am
Oklahoma Senate Floor Meeting
Transcript Highlights:
- surgical center to develop and implement policies and procedures around medical attention for persons at risk
- know, the verbiage there actually says for the doctors to screen the individuals that would be at risk
- Those people are at high risk for DVT, and the cost is I have no doubt.
- So they don't even pay into the tax pool that is covering for this.
- find families who have lost someone, say it's a wrongful death, and then they just go against that pool
Bills:
HB2894, HB3418, HB3415, HB3413, HB3414, HB3416, HB3417, HB3419, HB3420, HB1739, HB1752, HB1979, HB2941, HB2992, HB3075, HB3086, HB3177, HB3269, HB3278, HB3279, HB3497, HB3644, HB4432, HB3720, HB3849, HB3882, HB3919, HB3941, HB4118, HB4141, HB4268, HB4342, HB4428, HB4429, HB4434
Keywords:
HB2894, Oklahoma Rural Jobs Act, rural jobs, rural investment, tax credit, capital investment tax credit, state tax credits, economic development, rural fund, rural investor, qualified investment, eligible business, Department of Commerce, rural business, investment certification, tax liability, credit cap, workforce development, small business finance, rural development
NH
Transcript Highlights:
- . pool risk organization that uh wasn't pool risk organization that uh wasn't able<01:09:26.799>
to - <01:33:57.199>
of and largest risk pool in the state of and largest risk pool in the state - So outside of risk pools, 33%.
- audit if the risk pool fails to do one. audit if the risk pool fails to do one.
- pools, or at least members of healthcare risk pools.
NH
New Hampshire 2025 Regular Session
House Commerce and Consumer Affairs (05/20/2025)
Transcript Highlights:
- <00:43:34.800>
risk added added requiring pool risk added added requiring pool risk management - >
have <00:58:00.079>to risk pool um entities would have to risk pool um entities would - That is the the risk pool members?
- <01:10:41.920>
pool the advantages of forming a risk pool the advantages of forming a risk - Risk pools are important. As an solveny. Risk pools are important.
Summary:
The subcommittee took up the pooled risk management program bill and reviewed a new amendment drafted with input from the Insurance Department and Legislative Services. Department witnesses explained that the proposal would move oversight of pooled risk management programs from the Secretary of State’s office to the Insurance Department, add a licensure requirement, preserve the programs’ non-insurer status, and exempt them from third-party administrator licensure. They also described a series of solvency tools in the draft, including financial reporting, risk-based capital standards, minimum capitalization, investment limits, commissioner examination and enforcement authority, rulemaking authority, merger and affiliate-transaction review, confidentiality protections, and a separability clause.
A major theme of the discussion was that pooled risk management programs differ from commercial insurers because the risk remains with the member local governments rather than being backed by a state guarantee fund. Witnesses said the bill is designed to emphasize solvency over return of premium and to give the Insurance Department a regulatory “toolbox” to prevent insolvency, including a proposed $5 million excess or stop-loss coverage benchmark, optional accessible policies, and a requirement that boards vote on dividends or premium returns when capital exceeds 600% of risk-based capital. Members questioned how this approach differed from the original Secretary of State bill and whether assessments on towns would still be possible; the department responded that the new framework would allow more flexible oversight and alternatives to immediate court action.
The committee also discussed why the statute should continue to say the programs are not insurers, with the department explaining that this preserves their autonomy and avoids applying unrelated insurance laws and premium taxes. Members asked about the department’s workload and were told the department believed it could absorb the new duties without additional funding. No vote or final committee action was taken in the portion provided.
NH
New Hampshire 2025 Regular Session
House Commerce and Consumer Affairs (04/23/2025)
Transcript Highlights:
- <04:33:03.439>
risk before uh for example a pool risk before uh for example a pool risk management - risk pools expect.
- <05:10:28.798>
Um, risk pools hold them. Um, risk pools hold them. - further strengthening the risk pool. further strengthening the risk pool.
- <05:53:30.718>
pool or through a public entity risk pool or through a public entity risk pool
Summary:
The committee first heard Senate Bill 47, sponsored by Sen. Regina Birdsell at the request of the Insurance Department. The bill would codify the department’s interpretation that a birth mother’s health insurance is the primary coverage for a newborn, unless the mother has no insurance or coverage under an employer-sponsored plan. Birdsell and Insurance Commissioner DJ Benton Court said the measure is a clarification of existing practice and intended to protect vulnerable newborns; a question from Rep. Miles clarified that if a young woman is on her parents’ policy, the newborn would generally be covered under that family coverage. The hearing on SB 47 was then closed.
The committee then took up Senate Bill 121, introduced by Grant Bosi for Sen. Kevin Avard, which would require insurers to notify the Insurance Department when they stop writing an entire line of business or, in some cases, Medicare Advantage plans. Commissioner Benton Court said the bill arose from disruption in the Medicare Advantage market, where consumers, brokers, and the department were confused by carriers changing or ending offerings; he said the department wanted a simple notification requirement so it could better advise consumers. Members discussed network adequacy, county-based service areas, and the fact that the bill would make notice a condition of licensure, with possible fines or license action for noncompliance. Witness Paula Rogers of AHIP said her group supported the bill if amended, and the department indicated it would support a change from a 120-day notice period to 90 days to align with state rules; the committee planned to work on an amendment in subcommittee.
Finally, the committee heard Senate Bill 247, introduced by Rep. Brian Cole, which would prohibit network exclusion of pharmacies that refuse to dispense prescriptions when PBM reimbursement is below acquisition cost. Cole argued the bill is meant to stop pharmacies from being forced to sell drugs at a loss, describing PBMs as middlemen and saying the measure is a compromise that protects local pharmacies. Members questioned whether consumers would pay more and whether pharmacies voluntarily enter PBM contracts; Cole responded that the bill would let pharmacies refuse unprofitable fills while consumers could still obtain the drug through mail order or other channels. He also said the issue has changed over time because the practice now affects a much larger share of generics and is concentrated among a few PBMs. The hearing remained open as questions continued, with no vote taken in the excerpt.
NH
New Hampshire 2025 Regular Session
House Commerce and Consumer Affairs (04/23/2025)
Transcript Highlights:
- <04:33:03.439>
risk before uh for example a pool risk before uh for example a pool risk management - risk pools in New there used to be five risk pools in New Hampshire.<04:36:18.240>
Okay. - <05:10:28.798>
Um, risk pools hold them. Um, risk pools hold them. - <05:16:09.040>
As entities that rely on risk pools. As entities that rely on risk pools. - <05:53:30.718>
pool or through a public entity risk pool or through a public entity risk pool
Summary:
The committee first heard Senate Bill 47, sponsored by Senator Regina Birdsell at the request of the Insurance Department. The bill would clarify that a birth mother’s health insurance is the primary policy for a newborn’s care unless the mother has no coverage or no employer-sponsored coverage. Birdsell and Insurance Commissioner DJ Benton Court said the measure simply codifies the department’s long-standing interpretation of existing law. Representative Miles asked whether the coverage would extend to a grandchild if a young woman on her parents’ plan had a baby, and Birdsell said it would. The hearing on SB 47 was then closed.
The committee next heard Senate Bill 121, introduced by Grant Bosi for Senator Kevin Avard. The bill requires insurers to notify the Insurance Department when they stop writing an entire line of business or, in some cases, when they change Medicare Advantage offerings. Benton Court said the bill was prompted by disruption in the Medicare Advantage market, where consumers and the department were confused by carriers exiting, changing plans, or narrowing offerings. He said the department does not regulate Medicare Advantage itself, but does license the carriers, and the notice requirement would help the department advise consumers; he also said noncompliance could affect a carrier’s license and could lead to fines. Members discussed the notice period, and the department and AHIP indicated support for changing it from 120 days to 90 days to align with federal timing. The hearing was closed with plans to work on an amendment in subcommittee.
Finally, the committee heard Senate Bill 247, introduced by Representative Brian Cole, which would prohibit network exclusion for pharmacies that refuse to dispense prescriptions when PBM reimbursement is below acquisition cost. Cole said the bill is meant to stop pharmacies from being forced to sell at a loss. Members questioned whether pharmacies voluntarily enter PBM contracts, whether the bill would raise consumer prices, and whether it would mainly affect independent pharmacies. Cole and others said the issue has changed over time because PBMs now control a much larger share of the market, and that the bill would let pharmacies refuse loss-making fills and direct patients to mail order instead. The discussion also noted that the bill excludes Medicare and Medicaid and that the current proposal does not create a middle-ground option for patients to pay a premium at the counter.
NH
New Hampshire 2025 Regular Session
House Commerce and Consumer Affairs (05/21/2025)
Transcript Highlights:
- <00:17:43.840>
pool school care, a public entity risk pool school care, a public entity risk - pools at least our public entity risk pools at least our public entity risk pool<00:32:07.600>
<00:52:55.440>The <00:52:55.760>health risk pool. The health risk pool. - she she works for another risk pool. she she works for another risk pool.
- <01:47:54.480>
risk The other is the only pool risk The other is the only pool risk organization
Summary:
The subcommittee continued work on Senate Bill 297 and a new amendment dealing with pooled risk management programs and whether they should be regulated under the insurance department. Lisa Duket, executive director of SchoolCare, testified at length that the draft language could allow co-mingling of public entity risk funds, could trigger producer-licensing requirements for staff who are not actually brokers, and may not fit public entity risk pools because they are not insurance companies. She also raised concerns about the March 1 reporting deadline, the proposed uniform accounting language, aggregate excess insurance, examination costs being charged to the program, and confidentiality provisions that she argued may conflict with right-to-know principles for public entities. She urged the committee to slow down and consider a study committee or more time for review, saying the regulated entities were not adequately involved in drafting the proposal.
Chairman Hunt and the department responded that the bill is intended to create a licensure-based regulatory model, similar to other licensed industries, and that the pooled risk management program would be exempt from producer licensing while anyone else selling or negotiating such coverage would need a producer license. The department said failure to comply would be handled through an administrative licensing process, with denial or nonrenewal of a license and appeal through the department process. On the reporting deadline, the department said March 1 is a standard filing date used for financial analysis and that the filing can be the most recent annual report, regardless of fiscal year end. They also explained that the confidentiality language was taken from existing RSA 5B, that aggregate excess insurance was included as a solvency measure, and that the draft was intended to preserve familiar language while adapting it for pooled risk programs.
The discussion did not include a final vote or formal action on the bill in the portion provided. The committee appeared to be compiling follow-up questions for the insurance department and considering whether additional revisions or a slower process would be needed before moving the bill forward.
NH
New Hampshire 2025 Regular Session
House Commerce and Consumer Affairs (05/27/2025)
Transcript Highlights:
- Legislators and risk pool resources.
- Risk pooling is not insurance.
- Risk pooling is not insurance. reserves. Risk pooling is not insurance.
- Some risk pools follow a different model; some other risk pools follow another model.
- our pool risk manage in our stability in our pool risk manage in our poolled<04:28:58.880>
risk
Summary:
The committee first took up SB 297 and a new amendment, 2462, which combined the original Senate bill with the Carson amendment and added a proposed alternative regulatory system, RSA 420R. The chair and members discussed that the amendment was intended to give the Senate what it had asked for while also creating a dual system for public entity risk pools. Members asked whether the new structure would affect ownership or governance of health trusts, and the chair explained that 420R would be a separate regulatory statute while existing 420J-style arrangements could remain in place. The committee also noted that a paragraph had been accidentally deleted from the amendment and that another amendment would be prepared to correct it, with the subcommittee recessed while that was done.
Public testimony focused on School Care, represented by Executive Director Lisa Ducette, who opposed the shift to Department of Insurance oversight under 420R. She argued that public entity risk pools are not insurance companies, that they are accountable to member entities and taxpayers, and that the proposed dual regulation would add unnecessary costs through examinations, higher reserves, and additional accounting requirements. She said the change could threaten tax-exempt status and create an uneven playing field, and she urged the committee to support SB 297 with the Carson amendment instead of moving to 420R. Committee members questioned whether the amendment would actually affect pools that stayed under the Secretary of State model, and one member cited support from the New Hampshire Municipal Association for the dual system.
The discussion then shifted to amendment 245 on ambulance reimbursement and contracting timelines. Members reviewed a provision giving insurers 45 days and ambulance providers 60 days in the contracting process, and one member suggested making both periods 60 days. The chair and others said the current language was intentional and part of a broader compromise aimed at ending balance billing and forcing insurers to establish reimbursement rates. Members noted that the measure was unusual and that its effects would be reviewed over the next two years, with one member saying the bill would likely be difficult to roll back later. No final vote was taken in the portion provided.
NH
New Hampshire 2026 Regular Session
House Commerce and Consumer Affairs (02/04/2026)
Commerce and Consumer Affairs
WY
Wyoming 2026 Regular Session
Senate Minerals, Business & Economic Development Committee, February 23, 2026
Minerals, Business & Economic Development
Transcript Highlights:
- earnings, in the pool.
- earnings, in the pool.
- earnings, in the pool.
- It just details how much risk we want to put on the state bonding pool versus the money that they're
- we want to put on the state much risk we want to put on the state bonding<00:09:18.560>
pool <
Bills:
SJ0001
Keywords:
mineral leasing, federal lands, Wyoming, energy policy, local control, federalism, 916, all
NH
New Hampshire 2025 Regular Session
House Commerce and Consumer Affairs (05/07/2025)
Transcript Highlights:
- So now we're down to the pool risks bill.
- <00:25:10.240>
pool one ever ever thought that a risk pool one ever ever thought that a risk - risk pools and that oversight over these risk pools and that you<00:26:27.840>
know <00:26:28.080 - The pooled risk organization does not assume the risk for the members.
- pool risk that they identified by the pool risk that they come<01:04:46.240>
to <01:04:46.400><
Summary:
The committee took up several insurance-related bills. Senate Bill 47, concerning health insurance policies related to the birth of the mother, was moved ought to pass with no amendments and was approved on a 6-0 vote. Senate Bill 121, dealing with Medicare Advantage plan notice requirements, was amended to reduce the required notice from 120 days to 90 days and to remove a federal citation; the department said the change was to avoid conflict with federal notice rules. After discussion about the stress caused when carriers leave the Medicare Advantage market, the committee voted ought to pass as amended, 7-0.
The committee then heard a detailed explanation of the continuing care retirement communities bill, described by the Insurance Department as a rewrite of a 1989 law to modernize oversight, require quarterly financial reporting as an early warning system, create a bill of rights for residents, and clarify issues such as entrance fees and removal of dangerous residents. A member recalled the bill’s original purpose as protecting solvency because residents pay substantial upfront fees. The bill was moved ought to pass and approved unanimously, 7-0.
The final major discussion concerned a pooled risk organizations bill. Members debated whether oversight should remain with the Secretary of State or be moved to the Insurance Department. Supporters of moving it argued the issue is solvency, citing concerns about reserve levels, prior insolvencies, and the Insurance Department’s expertise. Opponents said the Secretary of State’s office had historically overseen the entities and that the bill would fundamentally change how they operate. A straw vote favored an amendment, but the committee ultimately voted to retain the bill for further work, with plans to revisit it later in the session.
NH
New Hampshire 2026 Regular Session
House Commerce and Consumer Affairs (04/14/2026)
Commerce and Consumer Affairs
Transcript Highlights:
- [clears throat] Risk pools work.
- that<03:22:37.720>
uh one of the risk pools, uh saying that uh one of the risk pools, uh - that is controlled uh by the risk pool. that is controlled uh by the risk pool.
- wish to to be a member of a risk pool. wish to to be a member of a risk pool.
- <03:30:25.800>
pool member of a non-assessable risk pool member of a non-assessable risk pool
MN
Minnesota 2025-2026 Regular Session
Creating the Educator Group Insurance Program (Part 2) 2/26/26
Minnesota House Floor Meeting
Transcript Highlights:
- The EGIP pool would create increased stability by spreading risk over a larger group.
- A larger pool to lower that risk and provide stability.
- The reality is, in a market economy, we know that larger pools mean that we lower our risk.
- We have a greater ability to spread out that risk over that larger pool, bring down costs, and bring
- >
risk.