TRENTON, N.J. (AP) — Gov. Chris Christie on Thursday vetoed legislation that would set up a state health insurance exchange as part of President Barack Obama's health care overhaul, saying the state shouldn't rush to enact such a law and possibly create new burdens on taxpayers while the constitutionality of the federal act remains to be decided.
"Because it is not known whether the Affordable Care Act will remain, in whole or in part, it would be imprudent for New Jersey to create an exchange at this moment in time before critical threshold issues are decided with finality by the court," the Republican governor said in announcing his veto.
The state legislation would have established an online marketplace for the middle-class to buy federally subsidized health plans starting in 2014.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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.
