| California State Government | March 5, 2002 Election |
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Reduce Administrative Bloat to save $100 millionBy Dale F. OgdenCandidate for Insurance Commissioner; State of California; Libertarian Party |
This information is provided by the candidate | |
The Insurance Department budget has increased from $28 million in 1988 to about $150 million today. I can reduce that by at least $100 million without reducing the effectiveness of the Insurance DepartmentI plan to drastically reduce the budget of the insurance department. Prior to 1988, the insurance department budget was about $28 million per year. It now is about 5-6 times that ($128 million in 1998 and still growing to, I think, about $150 million in 2001). California used to have a reputation for competent insurance regulation, along with a few other heavily-populated states like New York and Illinois. Since we've had elected commissioners, we've become a national joke. With $28 million in the late 1980's we could accomplish everything that needed to be accomplish (and the Department wasn't exactly understaffed). At least $100 million could be subtracted from the budget and no one (other than the political hacks and the dead weight) would notice. |
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ca/state Created from information supplied by the candidate: January 18, 2002 16:24
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