Posts Tagged ‘Bill Clinton’

Bill Clinton Says Bevin “Wrecked” Obamacare

President Bill Clinton. Photo courtesy: Tim Hamilton ©2008-2016, Creative Commons License. 

Speaking at the University of Kentucky today, Bill Clinton lashed out at Gov. Matt Bevin without mentioning his name. Talking about the so-called Affordable Healthcare Act, he said that the people of Kentucky elected a governor who “wrecked” it, according to the Lexington Herald-Leader.

Kentucky’s experiment in state-managed healthcare exchanges and insurance companies has been less than stellar. In fact, Kentucky COOP, the insurer which sold a whopping 75% of the policies under Kynect, collapsed last year under Governor Beshear’s watch. While the Clintons, Beshear, and many others continue to sing the praises of Kentucky’s Obamacare exchange, they neglect to mention that it was a costly failure—KY COOP lost $50 million—that left 52,000 Kentuckians without insurance before Gov. Bevin took office. Kynect did not switch them over to new plans with comparative prices. None existed. Steve Beshear

KY COOP has been a losing proposition since the start. It was a state-funded insurer, designed to compete against greedy capitalistic ones, and relied on federal subsidies which never materialized. The majority of the nation’s 22 health co-ops have failed as they leave a trail of poor, uninsured, Americans in their wake.

Photo of Bill Clinton by Tim Hamilton. Released under a Creative Commons copyright.