About 9.6 million could lose health coverage, and millions more could suffer crushing premium spikes, if the Supreme Court rules that federal exchange subsidies under the Patient Protection and Affordable Care Act are invalid, new research finds.

Researchers from think tank the RAND Corp. came this conclusion in a new study. The 9.6 million figure would equate to 70 percent of enrollment in the federal exchanges.

Unsubsidized premiums in PPACA-compliant individual market would increase 47 percent, or $1,610 annually, for a 40-year-old nonsmoker on a silver plan.

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