LINCOLN, Neb. (AP) — Nebraska should not wait for the U.S. Supreme Court to rule on the Obama administration's health care overhaul before it prepares a state-based insurance exchange, a leading hospital advocate said Wednesday.

Bruce Rieker, a lobbyist for the Nebraska Hospital Association, said it's crucial that lawmakers address the issue during the regular legislative session set to run January through April.

Rieker said the state needs a budget and oversight plan in place before the June 29 deadline. States that miss the deadline risk losing millions in federal aid to help set up exchanges. The Supreme Court is expected to rule on the case by June.

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