Kentucky Cabinet for Health and Family Services received a Level-One Establishment Grant in the amount of $7,670,803 on June 30, 2011 and $57,896,810 on December 30, 2011, to further the planning efforts of the state’s exchange. A large portion of these grants will be used for the information technology support system necessary to implement the exchange. Operational planning, technical design, architecture of the system, integration with Medicaid and sustainability will also all be funded through these grants. The Cabinet also received a $1,000,000 State Planning Grant on September 30, 2010 meant to discover more about the uninsured population of our state, survey health insurance carriers, provide economic forecasting models and study other states with existing exchanges.
The primary purpose of the exchange model is to create a competitive marketplace, making insurance, thus health care, affordable to the millions of uninsured Americans. With a level playing field all Americans will have access to insurance – that is, both affordable and quality care. In theory, the ACA will force insurance companies to play fair and create more opportunity for collective bargaining through small pools of individuals or businesses.
Like the Affordable Care Act, affordable insurance exchanges are intended to change the landscape of our health care system. It’s an intriguing topic, one which we look forward to following and discussing. We will continue to explore the many facets of exchanges in the coming weeks.
McBrayer, McGinnis, Leslie & Kirkland, PLLC