Supreme Court’s Obamacare decision could hike premium costs in 34 states

http://www.mcclatchydc.com/2015/04/09/262668/supreme-courts-obamacare-decision.html

Tens of thousands of people in Missouri and Kansas could see their health insurance premiums double or even triple if the Supreme Court declares that the tax credits they receive through Obamacare are illegal.

Such a ruling could send both states’ insurance markets into a “death spiral,” a nightmarish scenario that means skyrocketing premiums and a financial crisis for hospitals, health policy experts say.

More than 7.5 million Americans – including 300,000 people in Kansas and Missouri – could lose their subsidies, and thousands more could get slammed with higher premium bills, according to the U.S. Department of Health and Human Services.

Read more here: http://www.mcclatchydc.com/2015/04/09/262668/supreme-courts-obamacare-decision.html#storylink=cpy