Nevada Gov. Brian Sandoval vetoed a bill to make the state the first to open Medicaid to all residents.

Speaking about his veto, Sandoval said ideas behind the legislation "may play a critical role" in future health policy, but that the bill would have added "more uncertainty to an industry that needs less."

The creation of the Nevada Care Plan would have been separate from the state's Medicaid program but offered nearly all the same benefits.

Read more from CNNMoney.