Michigan will likely have a federal health insurance exchange instead of a joint state-federal partnership after the state Senate last week recessed for spring break without meeting a federal deadline.

Also last week, a House subcommittee rejected a Medicaid expansion provision that is allowed under the new federal health care law as it began crafting an early version of a 2014 budget.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.