- 350,000 Virginia residents relied on enhanced premium tax credits in 2024†.
- A Virginia couple in their early 60s earning about $82,800 per year would see their annual health insurance premium increase by an average of $11,435†. 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, Virginia is projected to lose 2,004 jobs. By 2026, the state’s GDP will decline by $253.7 million, with total economic output dropping by $413 million. These losses would lead to a $18 million reduction in state and local tax revenues.†
