JakeStarkey
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Obamacare Insurance Premiums Predicted To Rise 256 in July for 7.5 million Americans - MainStreet
NEW YORK (MainStreet) — Orit Pennington purchased health insurance through the Affordable Care Act (ACA) federal marketplace, because the state in which he lives, Texas, is one of 34 exchanges where the state didn’t form its own healthcare marketplace. Pennington, who owns a labeling and barcode software business, TPGTEX Label Solutions, was paying close to $750 per month for premiums before the ACA was implemented. They were reduced to $275 per month after a credit of $165 under Obamacare. Currently, under a new marketplace plan, Pennington is saving even more money, paying just $101 a month after his credit, a fraction of what he had been paying before the marketplace opened.
But premium prices like that may end soon for the estimated 7.5 million Americans who qualified for subsidies in the 34 states without state-run exchanges. That’s due to a case before the U.S. Supreme Court, King v Burwell, which challenges the legality of subsidies in these states.
NEW YORK (MainStreet) — Orit Pennington purchased health insurance through the Affordable Care Act (ACA) federal marketplace, because the state in which he lives, Texas, is one of 34 exchanges where the state didn’t form its own healthcare marketplace. Pennington, who owns a labeling and barcode software business, TPGTEX Label Solutions, was paying close to $750 per month for premiums before the ACA was implemented. They were reduced to $275 per month after a credit of $165 under Obamacare. Currently, under a new marketplace plan, Pennington is saving even more money, paying just $101 a month after his credit, a fraction of what he had been paying before the marketplace opened.
But premium prices like that may end soon for the estimated 7.5 million Americans who qualified for subsidies in the 34 states without state-run exchanges. That’s due to a case before the U.S. Supreme Court, King v Burwell, which challenges the legality of subsidies in these states.