- 78,000 Minnesota residents relied on enhanced premium tax credits in 2024†.
- A Minnesota couple in their early 60s earning about $82,800 per year would see their annual health insurance premium increase by an average of $11,123†. 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, Minnesota is projected to lose 1,756 jobs. By 2026, the state’s GDP will decline by $230 million, with total economic output dropping by $369.7 million. These losses would lead to a $17.6 million reduction in state and local tax revenues.†
