INDIANAPOLIS (AP) _ Two groups estimate about 160,000 low- and moderate-income Indiana residents could lose health insurance subsidies under the federal health overhaul if the U.S. Supreme Court finds the aid illegal.
The nonpartisan Kaiser Family Foundation and the affordable health care advocacy group Families USA based their estimates on data from the U.S. Department of Health and Human Services. Kaiser estimates Indiana residents receive more than $51 million in federal tax subsidies to help pay for health insurance; the average enrollee receives a tax credit of about $320.
Families USA Executive Director Ron Pollack said during a teleconference Tuesday the average monthly premium Indiana residents pay is $120 a month. He says if the subsidies are thrown out, premiums would rise to an average of $438.