NJ Gov. Vetoes Health Insurance Exchange Bill

Law360, New York (May 10, 2012, 4:59 PM EDT) -- New Jersey's governor on Thursday vetoed a bill that would have created a health insurance marketplace for businesses and the uninsured, citing uncertainty over the fate of the federal health reform law, which mandates such exchanges.

Passed by the Democrat-controlled Legislature in March, the New Jersey Health Benefit Exchange Act would have established a state-wide health insurance exchange, a key provision of the Patient Protection and Affordable Care Act, which President Barack Obama signed into law in 2010.

However, a looming Supreme Court decision could strike...
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