I've got $3,600 at stake in Obamacare subsidy rulings
By Jennifer Liberto@CNNMoneyJuly 22, 2014: 4:27 PM ET
Michael Wall has $3,600 at stake in the debate over Obamacare subsidies.
Wall is one of the 4.7 million Americans closely watching dueling court decisions released Tuesday on whether the government can subsidize premiums for people who bought health insurance under the Affordable Care Act.
Wall pays $657 a month on premiums for Obamacare health coverage. The government would subsidize about $300 a month, or $3,600 a year. Americans like him are anxiously waiting to see how it all plays out in court.
Anything could happen.
Obamacare recipients who have already received their government subsidies may be on the hook to pay it back if one court ruling is upheld that wipes out tax credits that subsidize health insurance on the federal healthcare.gov exchange. A second ruling okayed the subsidies.