So, just how many people would be directly impacted if the SCOTUS does decide to yank away tax credits for those receiving them in 37 states? Perhaps 5-6 million people this year alone, Id imagine--for whom losing those credits would be truly devastating. Yup. 5-6 million customers across 37 states will suddenly be unable to afford their shiny new policies, and at the same time will no longer be legally required to have them. Many of them will thus drop their coverage, meaning quite a few insurance companies would lose upwards of 70-80% of their customer base. Furthermore, the other 20-30% would likely have a much higher percentage of people with truly serious medical issues, in turn causing the very death spiral of increasing premiums which ACA opponents claimed would happen if the law operated under the current situation (but which never happened). The ripple effect of this could, theoretically, potentially even undermine the entire private insurance industry in the U.S., as I understand it......acasignups.net/15/01/02/reminder-scotus-ruling-king-could-devastate-5-6m-peoples-livesin-2-ways
Posted on: Fri, 02 Jan 2015 20:18:07 +0000
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