Which states would be most affected if high court strikes down subsidies?

President Barack Obama’s administration announced this week that about 86 percent of people receiving health insurance through the Patient Protection and Affordable Care Act get subsidies to help pay their premiums.

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These subsidies for more than 7 million people across more than 30 states are currently under fire as the U.S. Supreme Court reviews King v. Burwell —  the case that will determine whether people in all states will receive health insurance subsidies under the PPACA.

If the high court does strike down subsidies in the states that did not establish their own health insurance exchanges under the PPACA, Florida, North Carolina and Texas would be among the states hardest hit, as they had the highest number of people eligible for tax credits when selecting a plan on HealthCare.gov, according to The Wall Street Journal, which cites government data.

The data shows about 1.6 million people who selected a plan on HealthCare.gov were eligible for financial assistancein Florida. In Texas, about 1.2 million people were eligible, and in North Carolina, 560,357 were eligible.

 

 

More articles on healthcare finance:

Moody’s affirms Mountain States Health Alliance’s bond rating

HHS: Nearly 11.7M people signed up for PPACA health insurance coverage

Moody’s, Fitch rate Silver Cross Hospital and Medical Center’s bonds

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