Beshear, Others Seeking Waiver on Healthcare Law Provision

Kentucky is one of several states seeking a waiver from a provision in the new healthcare law.

The law requires large insurance companies to spend at least 85% of premiums on medical care. The commonwealth currently requires 65% of premiums to be spent on care. Governor Steve Beshear’s administration has asked the White House to let Kentucky raise the percentage by 5 points each year until it’s in line with the law. State officials say if the increase isn’t gradual, it could hurt the local insurance market.

Several other states have made similar requests.