Press Release
Senator Dawn Addiego Senator Dawn Addiego (R-8)
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Contact: Rick England / (609) 654-1498
March 7, 2011
Addiego, Rudder & Delany Host Business Round-Table with Banking & Insurance Commissioner

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Thomas B. Considine Will Speak About Potential Impact of New Federal and State Health Benefit Regulations on Local Businesses

The next Business Round-Table hosted by Senator Dawn Marie Addiego, Assemblyman Scott Rudder and Assemblyman Pat Delany is Tuesday, March 15, at the Medport Diner on Route 70 in Medford.

Thomas B. Considine, the commissioner of the New Jersey Department of Banking and Insurance, will speak about the possible consequences of new federal and state health benefit regulations on local businesses and individuals.

“This is an extremely important topic for businesses. The health benefits landscape is changing dramatically, and small business owners and executives are confused and concerned about the ramifications for their companies,” said Assemblyman Rudder. “We are very pleased that Commissioner Considine has agreed to join us to address these concerns and answer questions.”

The 8th District lawmakers are sponsors of legislation in both the Senate and Assembly proposing an amendment to State Constitution to “prohibit State or federal law or regulation from compelling a person to obtain, provide, or participate in health care coverage.”

“This is a challenging time for local business, and concerns about changing federal and state regulations and taxes have led many companies to delay expansion and hiring plans,” said Senator Addiego. “We are committed to an environment conducive to economic growth and job creation.”

Considine joined Banking and Insurance as acting commissioner in February, 2010. Just a month later, he was appointed Commissioner by Governor Christie. In his short tenure, Considine has repealed burdensome regulations, spread the pro-growth message of the Christie Administration in the banking and insurance industries, set in motion regulations to reform Personal Injury Protection (PIP), and initiated a zealous attack on insurance fraud in the state.

“Health coverage is an issue that is timely and crucial to business of all sizes, from the one-person shop to mid-size operations, and beyond,” said Assemblyman Delany. “As a small businessman, I share the misgivings of other employers in the 8th District. I look forward to hearing from the Commissioner.”

Seating for the Business Round-Table is extremely limited. Reserve a spot by calling Josh Foote at the 8th District office at (609) 654-1498, or sending e-mail to Coffee and Danish will be served.

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