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.
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