Beshear Says Most Uninsured Kentuckians Will Qualify for Subsidies for Exchange-Based Plans
Governor Beshear says most of Kentucky’s uninsured residents would qualify for discounts on health insurance purchased on the state’s new health exchange. Speaking Tuesday in Frankfort, said at least 80 percent of the commonwealth’s uninsured would get some kind of financial assistance to help them get insurance coverage.
The new health exchange was put into motion following the passage of the federal Affordable Care Act. It serves as an online marketplace where consumers can choose state-approved insurance plans and compare coverage and costs.
Enrollment in the Kentucky exchange begins October 1.
Government officials have said an estimated 332,000 uninsured Kentuckians would be eligible to receive coverage through the new exchange. The Courier-Journal reports Beshear said Tuesday that a family of four earning $70,000 a year could buy a health plan for a little over $400 a month.
Opponents of the exchange have argued that insurance premiums will rise as a result of implementing parts of the Affordable Care Act. Kentucky Tea Party activist David Adams said the subsidies Beshear is touting will not make up for higher base rates that many will pay in order to get coverage through the exchange.