A decision is expected this month on the decision of the Supreme Court, King v Burwell .. the decision will decide the fate of more than six million Americans with subsidized insurance coverage in 34 states. If the sides of the Supreme Court with applicants, most of the six million people will be looking for new - and affordable -. Cover
In anticipation of the decision, GoHealth demolished the foundations of the case and described what is at stake for millions of Americans.
- More than 6 million in states using the federal exchange would losing their subsidized coverage .
- right now, these grants represent 1.7 billion $ per month .
- these individuals would face a increase in average premium of 287% , with the highest increases MS (650%), Alaska (520%), and the Utah (520%).
- The lower premium increases would occur in Arizona , but premiums would still increase on average 132%.
- The average monthly premium with subsidies in Alaska is currently $ 100 . If the court strikes down subsidies in this state, the average premium would go to $ 0
Remember :. If the rules of the Supreme Court in favor of the complainants, you can expect changes for everyone, not just those with subsidized coverage.
- premiums increase by an average of 43% for the individual market .
- in an estimated 8 million people would lose coverage because of exorbitant costs.
pending a decision, the subsidies could cease to exist from August And because individuals are not required to buy coverage if the cheapest plan in their area costs more than 8% of their income, many people become exempt from the individual mandate.
What are the possible outcomes? The Supreme Court may:
- Supports subsidies in the States at risk of losing
- rule in favor of the complainants and subsidies would be lost
If the Supreme Court rules in favor of the plaintiffs, which could happen next?
- -risk states could set up their own trade , but this long and complicated process may not be complete when Open Enrollment starts again on November 1.
- A bill could be adopted to cancel the decision.
- other measures could be taken, depending on the decision.
For more on the case king c. Burwell, with follow on Twitter at GoHealth @GoHealthDotCom.
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