- 100,000 Iowa residents relied on enhanced premium tax credits in 2024†.
- An Iowa couple in their early 60s earning about $82,800 per year would see their annual health insurance premium increase by an average of $14,107†. 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, Iowa is projected to lose 503 jobs. By 2026, the state’s GDP will decline by $58.6 million, with total economic output dropping by $98.9 million. These losses would lead to a $3.7 million reduction in state and local tax revenues.†
