---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-065470"
form_type: "8-K"
ticker: "ALHC"
cik: "0001832466"
company_name: "Alignment Healthcare, Inc."
filed_at: "2026-10-08T21:13:20+00:00"
generated_at: "2026-10-12T15:23:08.402992+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.72
calibrated_materiality_score: 0.72
confidence: "high"
source: SEC EDGAR
---

# Alignment's California HMO H3815 falls to 3.5 stars for 2027, hitting ~75% of membership

## Summary
- CMS released 2027 Star Ratings on Oct 8, 2026; Alignment expects its California HMO contract H3815 to fall to a 3.5-Star Rating from 4.0 for rating year 2026.
- H3815 serves roughly 75% of the company's health plan membership; six other eligible plans are expected to keep 4.0 stars or better, including three at 4.5 stars.
- Decline driven mainly by higher industry cut points and lower triple-weighted HOS and Part D measures; CMS retroactively eliminated bonus calculations for the Excellent Health Outcomes for All Index.
- 2027 Stars results are not expected to affect revenue in fiscal 2026 or 2027; quality bonus payments for fiscal 2028 will be impacted, partly offset by provider risk-sharing arrangements.
- Alignment intends to pursue administrative appeals and commence litigation challenging certain CMS Star Ratings measures and methodologies; ~50% of members joined within the last two years.

## SEC filing metadata
- accession: 0001628280-26-065470
- form_type: 8-K
- ticker: ALHC
- cik: 0001832466
- company_name: Alignment Healthcare, Inc.
- filed_at: 2026-10-08T21:13:20+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.72
- calibrated_materiality_score: 0.72
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1832466/000162828026065470/0001628280-26-065470-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1832466/000162828026065470/alhc-20261008.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-065470
- JSON: https://secwatch.observer/filing/0001628280-26-065470.json
- Plain text: https://secwatch.observer/filing/0001628280-26-065470.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.