- 350,000 Utah residents relied on enhanced premium tax credits in 2024†.
- A Utah couple in their early 60s earning about $82,800 per year would see their annual health insurance premium increase by an average of $17,038†. 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, Utah is projected to lose 2,977 jobs. By 2026, the state’s GDP will decline by $335.9 million, with total economic output dropping by $571.5 million. These losses would lead to a $22.1 million reduction in state and local tax revenues.†
