Christie Vetoes Bill Setting Up Obamacare Exchanges

Thursday, 06 Dec 2012 03:43 PM

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New Jersey Gov. Chris Christie vetoed a bill that would have begun implementation of a state-run health care exchange in compliance with President Obama's healthcare law. New Jersey now joins 18 other states that have declined to create exchanges, leaving the federal government to do it for them:

Here is what he said in his statement:


"We will comply with the Affordable Care Act, but only in the most efficient and cost effective way for New Jersey taxpayers. Such an important decision as how to best move forward for New Jerseyans can only be understood and reasonably made when fairly and fully compared to the overall value of the other options. Until the federal government gives us all the necessary information, any other action than this would be fiscally irresponsible,” said Christie. “Thus far, we lack such critical information from the federal government. I will not ask New Jerseyans to commit today to a State-based Exchange when the federal government cannot tell us what it will cost, how that cost compares to other options, and how much control they will give the states over this option that comes at the cost of our state’s taxpayers...

“Financing the building and implementation of a State-based Exchange would be an extraordinarily costly endeavor,” continued Governor Christie. “While the federal governmental has enabled states to apply for grant funding to cover some of the initial costs of such an endeavor, the total price for such a program has never been quantified, and is likely to be onerous. Without knowing the full scope of which Exchange option would be most beneficial and cost efficient for New Jerseyans, it would be irresponsible to force such a bill on our citizens.”

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