That's why we've partnered with our friends at the Leonard Davis Institute of Health Economics at the University of Pennsylvania for a series of conversations called Decoding the Moment.

Hi, everyone.

I'm Paula Chatterjee.

I'm a senior fellow at LDI.

LDI is Penn's hub for research on health care delivery, health policy and population health.

LDI brings together more than 500 researchers who are national experts and thought leaders on health and health care.

And so this conversation is a partnership between LDI and tradeoffs to really create a space where you all can better understand what's happening in Washington and what it could mean for the future.

While you do that, I'm going to turn this back over to you, Paula, to get us started with three big numbers to frame this conversation.