- 1,554,000 California residents relied on enhanced premium tax credits in 2024†.
- A California couple in their early 60s earning about $82,800 per year would see their annual health insurance premium increase by an average of $16,563†. 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, California is projected to lose 6,547 jobs. By 2026, the state’s GDP will decline by $950.2 million, with total economic output dropping by $1.5 billion. These losses would lead to a $73.1 million reduction in state and local tax revenues.†
