Feds tell Bevin basics of dismantling Kynect; former policy chief says using federal exchange could limit choice, raise costs

The federal government has told Republican Gov. Matt Bevin what he will need to do to shut down Kynect, the health-insurance exchange started by his Democratic predecessor, Gov. Steve Beshear, and the letter from the Centers for Medicare and Medicaid Services makes clear that it will be a complicated task. Bevin has said Kynect performs no functions that can’t be […]

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UnitedHealth CEO: Obamacare losses worsening, not sustainable past 2016

The chief executive officer of the largest U.S. health insurance company on Thursday told investors that the company’s losses from Obamacare were worsening, showed no signs of improvement, and would be unsustainable beyond 2016. UnitedHealth Group CEO Stephen J. Hemsley made the comments in a conference call after the insurer warned investors about $425 million in losses primarily due to […]

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