Austin Frakt has identified three big problems:
Hole number 1: Subsidies might be far lower than expected.
Hole number 2: Subsidies might not be available to children who need them.
Hole number 3: Subsidies might erode over time.
Not on Austin’s list is the biggest hole of all: The subsidies will differ by a factor of as much as ten to one for families at the same income level, depending on whether they get insurance at work or in the exchange. This will cause massive dumping of insurance by firms that employ below average-income workers and a complete (and uneconomical) restructuring of American industry.