The long-awaited methodology changes for Performance Year (PY) 2025 ACO REACH benchmarking were finally released in late July. While the more detailed methodology papers have yet to be released as of the time of writing this paper, the quick reference guide on the key changes was released on Friday, July 26th. The methodology changes, while some being favorable and some unfavorable, have been met with disappointment and further uncertainty surrounding the future of the model. This white paper dives into the potential financial implications of the new changes for the ACO REACH model.