Gov. Bevin’s decision is unprecedented, but the Obama administration has promised to help Kentucky transition to the federal exchange, HealthCare.gov. A spokeswoman for Gov. Bevin’s office, Jessica Ditto, said the transition may occur before the next open enrollment season in November.
Creating Kynect cost the state $290 million in federal grants, and Ms. Ditto said the Bevin administration is not expecting to have to repay the federal government. However, previous Kentucky Gov. Steve Beshear (D) estimated it would cost the state $23 million to dismantle Kynect.
Numerous Kentuckians are worried about the switch to the federal exchange for one simple reason: Kynect is easier to use than HealthCare.gov. Other citizens are concerned about losing coverage when the state switches to the federal exchange.
Some are worried about the wider implications of Gov. Bevin’s decision. During his campaign, Gov. Bevin promised to end the state’s Medicaid expansion program, but he has changed his mind about doing so. Still, he has said the program is not financially sustainable in its current form.
More articles on healthcare finance:
Franciscan St. James Health asks state to close Illinois hospital
5 healthcare CFOs in the headlines
For-profit hospital operator shares slump after Tenet sees patient volume decline
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.