Alignment Healthcare (NASDAQ: ALHC) Increasingly Scrutinized Over H3815 Cut Points And CMS Bonus Eligibility - HBSS
PR Newswire•30/10/2026•13:41 ET
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Key Highlights
- ➤H3815 serves 75% of Alignment's combined health plan membership.
- ➤CMS lowered H3815's 2027 Star Rating from 4.0 to 3.5.
- ➤H3815 became ineligible for CMS quality bonus payments for fiscal 2028.
- ➤Alignment shares fell roughly 59%, erasing over $2.2 billion in market capitalization.
- ➤Hagens Berman is investigating disclosures about CMS bonus eligibility and cut points.
Expert Statements
John Kao, CEO of Alignment Healthcare
“I feel good about our position.”
John Kao, CEO of Alignment Healthcare
“I cannot talk about it at all[.”
Alignment Healthcare (NASDAQ: ALHC) Increasingly Scrutinized Over H3815 Cut Points And CMS Bonus Eligibility - HBSS PR Newswire
SAN FRANCISCO, Oct. 30, 2026 /PRNewswire/ -- On October 9, 2026, investors Alignment Healthcare, Inc. (NASDAQ: ALHC) saw the price of their shares slide another 13% to close at $7.55, reaching a 52 week low, after the Centers for Medicare & Medicaid Services ("CMS") lowered its 2027 4.0 Star Rating to a 3.5 Star Rating for Alignment's California HMO health plan contract ("H3815"), which serves 75% of Alignment's health plan membership.
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