Christie Vetoes Obamacare State Insurance Exchange

(Reuters) - New Jersey Governor Chris Christie said on Thursday he vetoed a bill that would have created a health insurance exchange for his state under President Barack Obama's signature healthcare program.

Christie, whose announcement came on a day when he was visiting the White House to discuss tens of billions in federal recovery aid after Superstorm Sandy, joined 18 other states in rejecting a measure to create state-based health insurance markets where consumers could purchase private, federally subsidized coverage.

Christie, a Republican who has nurtured a reputation as a cost cutter, cited uncertainty over what such an exchange would cost the state and over what kind of flexibility New Jersey will have in managing it.

Read the rest of the story at Reuters.com.


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