Beshear: Reviving Insurance Exchange Means Savings

Kentucky's governor says relaunching the state's health insurance exchange will result in bigger savings than originally anticipated.

Kentuckians now using the federal site to obtain health coverage pay about $9 million to $10 million a year to the government through a surcharge.

Gov. Andy Beshear said Monday the federal government has notified Kentucky it's raising that amount to $15 million. In contrast, Beshear says reviving the state-based exchange will cost about $5 million, and operating it will cost about $52 million a year.

Beshear says he hopes those savings will be passed along to people who buy health plans through the exchange.