It was my understanding that if subsidies were not available in a state, there could be no individual penalities for residents of that state and also the employer mandate could not be applied. Am I wrong about that?
We only pay 9 thousand for our lousy insurance.
People who are broke get much better insurance for 15% of what I pay for the worst stuff.
If I got what the poor gets for near nothing it would cost me about $13,000 a year.
Where did the $2600 a year saving promised by our dictator Obama go?
I went to the Heritage Foundation and found the following summary:
Abstract
If the plaintiffs in King v. Burwell are successful, an Obama Administration rule granting certain premium tax credits to those who obtain insurance through federal health care exchanges will be struck down. Absent action by the federal government or states, a ruling for the plaintiffs and against the Obama Administration would mean that individuals for whom insurance coverage became a greater out-of-pocket expense (exceeding 8 percent of their income in any given month) without the premium support tax credit would become exempt from the individual mandate. Furthermore, employers in states that refused to set up Obamacare exchanges would be exempt from the employer mandate because no federal outlays would be made to trigger the penalty. King is a consequential initial step on the road toward dismantling and replacing the ill-considered Obamacare statutory scheme.