All HHS Contracts — January 13, 2026

National Government Services (Elevance Health sub) has $329M outlayed on cost-plus award fee contract, ensuring steady revenue from J6 A/B MAC services through 2026.

Exposure to HHS/CMS budget cuts or Medicare program shifts through 2026-2027.

Award fees tied to undisclosed performance metrics; $6M subawards to 12 parties add dependencies.

$182M unexercised options plus potential 2027 extension could lift total value to $650M.

Full/open competition award to non-small biz underscores reliable HHS demand for health insurance carriers (NAICS 524114).

{"entity"=>"Elevance Health, Inc.", "reason"=>"Single large HHS contract dominates period; tracks Medicare admin revenue stability.", "trigger"=>"Outlays exceeding $400M or option exercises"}

{"entity"=>"CMS J6 A/B MAC Performance", "reason"=>"Award fees and extensions hinge on metrics.", "trigger"=>"Public CMS performance reports or contract mods"}