[Answered]: The CFO reports that negotiations with private…

The CFO reports that negotiations with private insurers are going badly. “Inflation has driven up purchase prices, and new care guidelines are more costly than earlier ones. Our largest payer is saying, ‘No more.’ They claim our competitors can live with it, and we should, too.” Senior leadership rank-orders the following responses. Which of the responses do you argue is the most important? Group of answer choices Consider merger discussion with a competitor. Review our benchmarking and shortfalls; fix or close our biggest losing services. Adjust the LRFP to the insurer’s best offer, and report the results to the board finance committee with a recommendation to pursue both a and b. Adjust the LRFP to the insurer’s best offer, and report the results to the board finance committee without recommendation.