Monday, October 12, 2015

Another One Bites The Dust (Part 5)

The Kentucky Health Cooperative announced it will be ceasing operations December 31, 2015 leaving 31,000 without their current health insurance plan. The federal government had funded them with approximately $58 million for start up and reserves. How much of that taxpayer money is given back is anyone's guess.

In it's announcement Kentucky Health stated that a big reason why it is closing is due to the fact that under the Risk Corridor program they are only receiving $9.7 million dollars instead of the $77 million they thought they were going to receive.

This theme is beginning to sound like a broken record.

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