Medicaid Managed Care is experiencing unprecedented turbulence as it exits a pandemic-fueled boom and encounters the reality of reduced funding, a 20% unwind in enrollment, and a rate environment that hasn’t caught up to the more complex care needs of a sicker population. Cain Brothers Managing Director Mike Elizondo joins Dave Johnson to explain what happened, what’s next, and why there’s reason for optimism. Cain Brothers is a division of KeyBanc Capital Markets.