From NJ Biz, October 11, 2012:

While New Jersey’s business groups support the idea of a health insurance exchange, they oppose an Assembly committee’s attempt to create it, citing measures in the proposed legislation to increase regulatory burdens and limit health plan options for small businesses.

While business groups claim the exchange will increase costs, NJPP senior policy analyst Raymond Castro says if the state legislators succeed in their attempt to establish a health insurance exchange and implement public outreach efforts before the Oct. 1, 2013, deadline for uninsured state residents to apply for health coverage, it will result in “major state savings” from federal subsidies and grants.