Health insurance companies selling private Medicare Advantage plans in the US would see a greater increase in payments in 2026 than in the current year if a proposal released Friday is adopted by the incoming Trump administration.

The Biden administration’s final regulation affecting the Medicare Advantage industry would come with a much lighter touch than the past two years.

The U.S. government on Friday proposed 2026 reimbursement rates for Medicare Advantage plans run by private insurers that will result in a 2.2% increase in payments, compared with a decline of 0.2% last year.

Shares of health insurers advanced Friday after the U.S. Centers for Medicare & Medicaid Services announced it has proposed raising government payments to Medicare Advantage plans by an average of $4.