- 356,000 Illinois residents relied on enhanced premium tax credits in 2024†.
- An Illinois couple in their early 60s earning about $82,800 per year would see their annual health insurance premium increase by an average of $17,253†. 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, Illinois is projected to lose 1,869 jobs. By 2026, the state’s GDP will decline by $240.3 million, with total economic output dropping by $388.2 million. These losses would lead to a $19.4 million reduction in state and local tax revenues.†
