New Jersey Legislature to Vote on Authorizing Health Insurance Exchange

The New Jersey legislature is set to vote Thursday on a bill authorizing a health insurance exchange run by the state, according to an NJ Spotlight report.

Gov. Chris Christie has given no indication if he will sign, veto or conditionally veto the bill if it passes. The administration has not stated whether it wants a state-run exchange or prefers to let the federal government step in.

Under the federal healthcare reform law, states must implement health insurance exchanges by 2014 or allow the federal government to implement its own model. Exchanges are intended to serve as online marketplaces where consumers can "comparison shop" for insurance coverage.

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