Michael Morrisey, PhD, director of the Lister Hill Center for Health Policy at the University of Alabama at Birmingham, said in an email that if the D.C. panel's ruling ends up being the prevailing one, "the effect ... is just short of what would have been the effect of the Court ruling that the ACA was unconstitutional. The vast majority of people getting coverage through the exchanges did so with a subsidy ... They would no longer be eligible and most are unlikely to continue to buy coverage at unsubsidized prices."