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Senate hears bill on health insurance exchange
A bill to create a New Jersey health insurance exchange — an online virtual marketplace where consumers and small businesses will buy health coverage — heads for its first hearing in the Senate today.
The legislation (S1319) isn’t likely to have a smooth time of it: The state’s heath insurers oppose the bill, unhappy with the amount of power it vests in the insurance exchange’s governing board. They argue that the board will limit consumer choice stifle competition. Some consumer advocates, meanwhile argue that the board should have more power. (Fitzgerald, NJ Spotlight)
