RE:The effect of rate hikes...I agree with all of this but I think it's important to think of WELLs fundamentals vs other comparables in this sector and opportunities for SaS revenue in healthcare and it's hard to argue that WELLs size and structural advantages in the sector relative to its peers of comparable size makes it a particularly good choice BECAUSE of the factors you outline because in an arena of compressed multiples the clear path to profitability becomes EVEN MORE IMPORTANT.