The largest private provider of health insurance policies on Kynect, Kentucky’s health insurance exchange, is going out of business.
The Louisville-based Kentucky Health Cooperative Inc. announced Friday that it will end current memberships on Dec. 31 and will not add new members because of financial problems. It will not offer health insurance plans on Kynect when open enrollment for 2016 coverage starts on Nov. 1.
Apparently not. For every person who has obtained insurance in the (Obamacare) exchanges, there are two other eligible people who have not enrolled. We now have a good idea why that is.
When people who were previously insured in the individual market obtain insurance in the exchanges, on the average they are worse off. And here is a surprise. When the previously uninsured obtain insurance in the exchanges, they are also worse off.