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.
A resolution urging Congress to call a constitutional convention to consider a balanced budget amendment has cleared a Kentucky Senate committee.
The Senate State and Local Government committee, at the urging of U.S. Senator Rand Paul, voted 7-3 for the resolution.
Louisville Metro Government officials are preparing to put a dollar figure on flood damage. The tabulation is part of the process for obtaining federal disaster funds.
A local car dealer says he supports the expansion of the federal Cash for Clunkers program, but he would like to see the application process streamlined.