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State dollars behind our existing exchange. in states that didn't set up a state-based exchange that rely on the federal exchange. if they want to continue subsidizing through the individual market, they would have to set up an exchange and simply could not do it because the only way we did it in connecticut was we were funded by the federal government in the first couple years to get it up and running. states that don't have those, largely red states couldn't do it on their own. so these subsides that people are getting in the red states would absolutely disappear. they are not coming back. a...

And i think we have to be very clear about what that means in those states. >> just want to be clear so people track this. the subsides that exist in obamacare, they -- you only get them if you purchase on the exchange but if this were to happen, the laws of the state you live in not having exchange no subsides is high meaning the money goes away. doesn't happen. >> right. doesn't happen. what cassidy says they will package all that money and hand it to the states. over time that money gets less and less but the mechanism by which you got the money, the federal exchange and a credit on your fe...