Beshear, Others Seeking Waiver on Healthcare Law Provision

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.