- 374,000 Michigan residents relied on enhanced premium tax credits in 2024†.
- A Michigan couple in their early 60s earning about $82,800 per year would see their annual health insurance premium increase by an average of $12,460†. 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, Michigan is projected to lose 989 jobs. By 2026, the state’s GDP will decline by $114.4 million, with total economic output dropping by $192.9 million. These losses would lead to a $7.2 million reduction in state and local tax revenues.†
