Chris Christie Vetos Health Care Exchanges

New Jersey Gov. Chris Christie vetoed a bill today that would have established a state-wide health insurance exchange that could have extended health insurance to the roughly 1.3 million New Jersey residents that are either uninsured or underinsured. Christie, who has been short-listed as a possible VP choice for the “all-but-certain” Republican Party nominee Mitt Romney, maintains that his decision to block passage of the bill rested solely on the uncertainty of the Affordable Care Act, notwithstanding the preliminary steps Christie has already taken to form an exchange in the effect of “successfully applying for $8.7 million in planning and research grants from the Obama administration.” In the event that the U.S. Supreme Court should rule in favor of the ACA, New Jersey will not be in the most favorable position to set up its health-care exchange, and the federal government will be forced to step in to create and operate the new insurance marketplace. — Fatima Najiy