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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThis Is How Much More Your Health Insurance Could Cost If Two Republican Judges Get Their Way
http://www.huffingtonpost.com/2014/07/23/obamacare-ruling-health-insurance-cost_n_5611309.html?&ncid=tweetlnkushpmg00000067(snip)
Since 36 states allowed the federal government to set up and operate their exchanges, that's a lot of people -- and a lot of money that would be taken away if the ruling in Halbig v. Burwell is upheld. More than 5.4 million people purchased health insurance on a federally run exchange in those states during the first Obamacare enrollment period. Tax credits are available to people earning up to 400 percent of the federal poverty level -- or $45,960 for a single person this year -- and 86 percent of federal exchange enrollees received this financial assistance. On average, these tax credits are worth $264 a month, which amounts to a 76 percent discount off full price for these consumers. Take that money away, and a lot of those folks will wind up uninsured.
But the ruling hasn't blown up Obamacare -- yet. Another federal appeals panel, led by three judges appointed by Democrats, unanimously ruled in Obama's favor in a similar lawsuit, King v. Burwell, showing this issue has a ways to go before anything happens to anyone's subsidies. The White House will demand the full D.C. Circuit appeals court reconsider the Halbig case, and a majority of its judges are Democratic appointees. A majority of judges in the full appeals court handling the King case also were appointed by Democrats. Ultimately, it may fall to the Supreme Court to decide. That would be the same Supreme Court that declined to destroy Obamacare in a different lawsuit two years ago.
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This Is How Much More Your Health Insurance Could Cost If Two Republican Judges Get Their Way (Original Post)
cal04
Jul 2014
OP
LWolf
(46,179 posts)1. My health insurance already costs more than that,
before the deductible and copay.
sharp_stick
(14,400 posts)2. That's in addition
to the current premium I think.
LWolf
(46,179 posts)5. My health insurance costs
about $1000 per month plus deductible ($1500) and copay (20%). That's the cheapest I can get.
I wonder what that map reflects in actual total costs.
B Calm
(28,762 posts)3. Really sucks! I want my wife to retire at age 62!
BKH70041
(961 posts)4. Health Insurance won't cost anymore.
The way it's worded could be misleading to some.
The premiums will remain the same, it's just those who receive subsidies will have to pay the full amount, thus revealing the real cost of their health insurance.
Those who do not receive a subsidy will not have their premiums increased.