FRANKFORT, Ky. (AP) — Groundwork is being laid to create a statewide health insurance exchange in Kentucky intended to reduce coverage costs, but it would be used only if the federal health care reform law is upheld by the U.S. Supreme Court.
Gov. Steve Beshear said in a statement Thursday that Kentucky needs to be ready to run such an exchange, which would serve as online marketplace where consumers could compare coverage options and prices of various insurance plans.
Insurance exchanges are key to the federal health care overhaul signed into law by President Barack Obama in 2010. They're set to go into operation on Jan. 1, 2014, if the health care law isn't struck down.
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