The Cost of Eliminating the Enhanced Premium Tax Credits

New report from the Commonwealth Fund and the George Washington University Milken Institute School of Public Health finds that if Congress allows enhanced premium tax credits to expire at the end of 2025, communities nationwide will experience significant economic impacts. The report projects that state economies would shrink by billions of dollars, hundreds of thousands of jobs—many in the health care sector—would be lost and more than $2 billion in state and local tax revenue would disappear as people become uninsured and health insurers and health care providers lose revenue.