Kentucky Co-Op Blames Low Risk Corridor Returns For Closure

Kentucky Health Cooperative on Friday (Oct. 9) became the first co-op to drop out of its health insurance exchange for 2016 following the release of federal risk corridor data , and blamed the lower-than-expected return to insurers for its decision not to offer plans next year. Last week, CMS revealed that it had only collected enough funds to pay out 12.6 percent of risk corridor requests. The Kentucky co-op asked for $77 million from the risk corridor program but came...