- 3,352,000 Texas residents relied on enhanced premium tax credits in 2024†.
- A Texas couple in their early 60s earning about $82,800 per year would see their annual health insurance premium increase by an average of $14,922†. 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, Texas is projected to lose 69,311 jobs. By 2026, the state’s GDP will decline by $8.4 billion, with total economic output dropping by $14.1 billion. These losses would lead to a $409.6 million reduction in state and local tax revenues.†
