- 206,000 New York residents relied on enhanced premium tax credits in 2024†.
- A New York couple in their early 60s earning about $82,800 per year would see their annual health insurance premium increase by an average of $17,173†. 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, New York is projected to lose 4,415 jobs. By 2026, the state’s GDP will decline by $643.3 million, with total economic output dropping by $989.6 million. These losses would lead to a $57.6 million reduction in state and local tax revenues.†
