NJ Gov. Vetoes For-Profit Hospital Disclosure Bill

Law360, New York (August 8, 2012, 8:02 PM EDT) -- New Jersey Gov. Chris Christie on Tuesday conditionally vetoed legislation that would have established new financial disclosure requirements for for-profit hospitals that receive state funds through charity care and Medicaid programs, saying the proposal needed more study.

Regarding the veto, announced Wednesday, Christie acknowledged the importance of transparency for hospitals but said the proposed changes require careful consideration to prevent the state from over reaching into the business arena. The Republican governor in turn recommended that the state health commissioner review existing hospital financial reporting requirements...
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