COLUMBUS, Ohio – The following statement may be attributed in full or in part to Representative Michael Stinziano, D Columbus, the Ranking Democrat on the Ohio House Judiciary Committee, on the US Supreme Court’s decision in King v Burwell.
"I welcome today's historic U.S. Supreme Court decision in King v. Burwell that avoided a catastrophic impact on the lives of hundreds of thousands of Ohioans whose health care depends on the Affordable Care Act.
By a 6-3 vote, the Supreme Court ruled that Ohioans can keep the tax credits they receive to help pay their health insurance premiums.
According to the US Department of Health and Human Services, currently 234,422 Ohioans depend on the Affordable Care Act for their health insurance with nearly 86% of enrollees qualifying for federal assistance which averages $247 each month.
Ohioans could have lost federal assistance in the amount of $50 million each month or $600 million a year if the Supreme Court had decided that paying these subsidies to Ohioans was illegal.
The General Assembly and Congress dodged a bullet thanks to this common sense decision by the Supreme Court.”
NOTE: Federal premium subsidies are available to uninsured individuals with incomes up to 400% of the federal poverty level, which is $47,080 for a family of one and $97,000 for a family of four in 2015. Individuals eligible for these subsidies paid, on average, just $105 a month for coverage purchased through federal health insurance exchanges. Without these subsidies the average monthly premium would have been $374, according to the U.S. Department of Health and Human Services report.