Gov. Beshear plans to bring back KYNECT, state-based health exchange


FRANKFORT, Ky (WEHT) Gov. Andy Beshear announced he plans to bring back the state health insurance exchange program, KYNECT. The program was enacted by his father and former governor, Steve Beshear. Gov. Andy’s Beshear’s predecessor, Gov. Matt Bevin, eliminated the program.

The KYNECT Health Exchange was first launched in Oct. 2013 by Gov. Steve Beshear, and was dismantled in Nov. 2016 by Gov. Matt Bevin when he moved the state to the federal healthcare exchange.

Beshear says Kentuckians paid $9.8M in user fees on the federal health exchange. He estimates Kentuckians will save $2.8M to $3.8M the first year back on KYNECT, and $7.8M to $8.8M thereafter. The one-time state-based exchange cost is $5M for the system, and $1M-$2M for ongoing operations.

For the latest breaking news and stories from across the
Tri-State, follow Eyewitness News on Facebook and Twitter.

(This story was originally published on June 17, 2020)


Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trending Stories