Home > Uncategorized > Steve Beshear is a Bad Choice to Deliver the Democrat Response to SOTU

Steve Beshear is a Bad Choice to Deliver the Democrat Response to SOTU

22963766814_84d2172ff4_mWhen Steve Beshear delivers the Democratic response to President Trump’s first State of the Union address this Tuesday, he’ll be presented as a jobs creator and a man who delivered healthcare insurance as intended by Barack Obama. He, and the state of Kentucky, were singled out for praise by President Obama during the State of the Union Address in 2014.

Is Governor Beshear really the jobs creator he is purported to be? And was KYNECT—Kentucky’s implementation of Obamacare—really the smashing success that we’ll hear about this Tuesday night? Let’s look at the facts.

KYNECT sold insurance plans for several insurers. Some counties had a choice of insurers, some were given a single option. Three fourths of all policies purchased through KYNECT were sold through KY Co-op, one of several taxpayer-funded insurers across the nation. The failure of KY Co-op, which occurred during the term of Steve Beshear, cost the taxpayer $146,494,772. Misery loves company, and KY Co-op is one of at least 16 failed insurers from the original group of 23 states with similar healthcare ventures.

The failure of KY Co-op left 51,000 Obamacare customers without an insurer. The pool of insurers in Kentucky subsequently shrunk as the government failed to meet its reimbursement obligations. Obamacare customers in Kentucky were offered a fresh opportunity to shop for insurance through KYNECT/Obamacare. It would be disingenuous to call it “affordable,” as most who lost their coverage were forced to purchase more expensive plans. Even as it prepared for its demise, KY Co-op appealed for a 25.1% increase in its premiums. United Healthcare, one of the state’s and nation’s largest insurers, pulled out of the state of Kentucky’s implementation of Obamacare last year, a decision it had announced while Beshear was governor of the state. You won’t hear about this during the response to Tuesday night’s State of the Union Address.

And jobs, oh yes. You might hear about Beshear having a record of creating jobs. He proudly boasted that Kentucky’s unemployment dropped from 10.7% to 5.1%. While that may be true, it is equally true that Governor Beshear inherited an unemployment rate of 5.5% which soared to 10.9% after he’d been on the job for a year-and-a-half.

The unemployment rate in Kentucky, the Obama economy notwithstanding, was in worse shape when he left office than when he took office in 2007.

What you are unlikely to hear from Beshear this Tuesday is the current state of Kentucky’s economy. The unemployment rate has dropped rapidly under Republican Governor Matt Bevin. It currently stands at 4.8%. The last time unemployment was as low in Kentucky was April 2001, nearly 16 years ago.

Governor Beshear, might have been praised by President Obama for executing an ideal implementation of his signature policy, but Obamacare has been a splendid failure on most counts, and KYNECT has sunk with it.

Photo credit: Steve Beshear, https://www.flickr.com/photos/govbeshear/22963766814/

 

 

 

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