Study: Obamacare Premiums Could Triple If Court Tosses Subsidies
The cost of healthcare premiums could rise as much 779 percent if the Supreme Court erases ObamaCare subsidies in a majority of states this year, according to a new study.
A victory for the plaintiffs in King v. Burwell would erase subsidies in 37 states using HealthCare.gov, causing premiums to spike an average of 255 percent, according to new research by the nonpartisan group Avalere Health.
Nine states, including Florida and North Carolina, would see premiums spike more than 300 percent. Alaska and Mississippi face the most damage, facing increases of 449 percent and 779 percent, respectively.
Both parties have agreed that the court case could wreak havoc on the insurance landscape. Healthcare experts have predicted a massive number of ObamaCare dropouts when people are no longer able to afford coverage.