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(b) ASM Incentive Pool As discussed in the CY 2026 PFS proposed rule (90 FR 32608), we proposed to calculate the ASM incentive pool for each ASM cohort based on two factors: (1) the ASM risk level as described at 512.705(c)(1) (that is, the magnitude of the maximum positive or negative net payment adjustment percentage to which an ASM participant would be subject during an ASM payment year) and (2) the ASM redistribution percentage as described at 512.750(c)(1)(iii) (that is, the percentage of Medicare Part B covered professional services payments to ASM participants during an ASM performance year that would be distributed in the form of payment adjustments to ASM participants during an ASM payment year)