Legislation to create a state health insurance exchange, a competitive marketplace where individuals, families and employers will be able to purchase affordable, quality health care coverage, was approved Monday by the Senate Commerce Committee.
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The bill would establish the New Jersey Health Benefit Exchange Trust Fund in the Department of Treasury to be the repository for monies collected from carriers and other monies received as grants or otherwise appropriated for the purposes of the Exchange. The monies in the Fund could only be used for the purpose of supporting the activities of the Exchange.
The legislation would take effect on the first day of the seventh month following enactment, but would authorize the Commissioners of DOBI and Human Services to take anticipatory administrative action in advance as necessary for its implementation. The committee approved the measure by a vote of 4-2. It now heads to the full Senate for a vote.
http://njtoday.net/2012/02/28/senate-committee-clears-bill-to-establish-nj-health-insurance-exchange/
Hat tip: New Jersey Today
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