- 375,000 Alabama residents relied on enhanced premium tax credits in 2024†.
- An Alabama couple in their early 60s earning about $82,800 per year would see their annual health insurance premium increase by an average of $20,137†. To keep their coverage, they could have no choice but to incur debt or forego medical care in order to reduce expenses.
- If enhanced premium tax credits expire, Alabama is projected to lose 9,989 jobs. By 2026, the state’s GDP will decline by $1.1 billion, with total economic output dropping by $1.9 billion. These losses would lead to a $75.6 million reduction in state and local tax revenues.†
