Gov't report indicates up to $24B in health insurance subsidies at stake in Supreme Court case

Economic IndicatorsAssociated Press

A new government report shows that nearly 8 million people could lose up to $24 billion in health insurance subsidies this year in a case before the Supreme Court.

The case threatens the future of President Barack Obama's health care law in some three dozen states. Health overhaul opponents argue that subsidies are illegal in states where the federal government took charge of sign-ups.

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Tuesday's report from the Department of Health and Human Services shows that about 7.7 million people in those 37 states are getting an average of $263 a month to help pay premiums. That's around $2 billion a month, although the number will fluctuate over the year.

The biggest loser: Florida, with nearly 1.5 million residents getting an average of $294 a month.