The Supreme Court is expected to make a ruling on the King v. Burwell case any day now.

The case ultimately hinges on just four words — "established by the state" — as it calls into question the legality of federal exchanges. While PPACA challengers say that phrase limits the tax credits to the 16 states that have set up their own exchanges, the Obama administration has defended an IRS rule that interpreted the law as allowing subsidies nationwide.

Regardless, it's anyone's guess what the Court will do. But here are 6 things that would happen should SCOTUS gut the subsidies under the Patient Protection and Affordable Care Act.

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