BOISE, Idaho (AP) — Idaho House Republicans' hatred of the federal health care overhaul spurred the demise of the state Department of Insurance's $10 million fiscal year 2012 budget on Friday.
In a 50-15 protest vote, the chamber rejected the agency's spending plan starting July 1 — normally a ho-hum event — over objections that it included $2.5 million from the federal government to help develop insurance exchanges foreseen by the 2010 Patient Protection and Affordable Care Act. Under those Democrat-backed reforms, states must establish insurance exchanges offering a choice of plans under common rules to boost competition.
At the urging of Gov. C.L. "Butch" Otter, the state insurance regulator got federal grants worth $2.5 million for Idaho to develop a home-grown version.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
