NJ gov vetoes state-run health exchange

Citing uncertainty over costs, Gov. Chris Christie vetoed legislation Thursday that would have established a state-run health insurance exchange in New Jersey. Christie's move—which mirrored his veto in May of a similar bill approved by Democratic lawmakers—came eight days before the federal deadline for states to declare whether they intend to create the local marketplace for individuals to buy health-care coverage that debuts in January 2014. In his veto message, Christie said information from Washington about the exchanges has been missing or erratic.