King v. Burwell: Where Consumers Losing Tax Credits Could See the Biggest Increases in Premium Payments
The Supreme Court will rule any day now on King v. Burwell, the case that will determine whether premium tax credits remain available in the 34 states in which the federal government runs the health insurance marketplace.
If the Supreme Court rules against the government, more than 6 million people in 34 states would lose access to the premium tax credits they rely on to afford their health insurance. All consumers who rely on tax credits in these states would pay substantially more out of pocket on their monthly premium payments. However, residents of some states and congressional districts would experience much higher spikes in their premium payments if they lose their tax credits.