As healthcare policy evolves amid shifting political priorities and cost pressures, this session brings together Elizabeth (Liz) Fowler, former Director of the CMS Innovation Center and a key architect of the Affordable Care Act, and Grace Totman of Capstone to unpack what’s ahead. The discussion will explore the future of value-based care, Medicare Advantage, and managed Medicaid, and how federal policy direction will shape investment strategy, risk, and opportunity across the healthcare landscape.