DEPARTMENT OF INSURANCE BUDGET CLEARS JFAC WITHOUT EXCHANGE MONEY

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Dustin Hurst reports the 2013 Department of Insurance budget debate figures to be much tamer compared to the 2012 rendition of the agency’s spending plan.

Members of the Joint Finance-Appropriations Committee approved the 2013 budget without money for a federal health insurance exchange, something also left out in Gov. Butch Otter’s spending plan for the year.

Overall, the department will see a 1.9 percent funding increase from last year. The 2013 budget sits at $8.2 million and includes a mix of federal and state funds.

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