4.7 Million At Risk of Losing Health Coverage After Dueling Court Rulings
On July 22, 2014, two federal appeals courts handed down opposing rulings on the legality of tax credits to reduce the cost of health insurance premiums purchased in the 36 states with federally facilitated exchanges. In those states, 4.7 million individuals receive tax subsidies, averaging $264 per month, to make their premiums affordable. No changes are anticipated in the availability of tax subsidies during the appeal of these decisions. Pundits are betting that the ultimate stop for the cases will be the U.S. Supreme Court.