HEALTHCARE COSTS SOAR FOR KANSAS FAMILIES AS DAVIDS CALLS FOR RESTORING ACA TAX CREDITS | REPRESENTATIVE SHARICE DAVIDS SKIP TO MAIN CONTENT ABOUT COMMITTEES, LEADERSHIP AND CAUCUSES OUR DISTRICT VOTES AND LEGISLATION HELPING YOU GET ASSISTANCE HELP WITH A FEDERAL AGENCY HELP FOR TAXPAYERS HELP FOR VETERANS HELP FOR SMALL BUSINESSES HELP WITH PASSPORTS HELP WITH GRANTS STUDENT OPPORTUNITIES SERVI

The following information was released by the office of Kansas Rep. Sharice Davids:

Kansans share how premiums have quadrupled after enhanced tax credits expired, putting affordable coverage out of reach

OVERLAND PARK, KS - Today, Representative Sharice Davids met with Kansans whose health insurance premiums have skyrocketed since enhanced Affordable Care Act (ACA) tax credits expired last year. Some participants shared that their monthly premiums have more than quadrupled, forcing them to rethink family budgets and raising concerns about whether they can continue to afford the coverage they rely on.

"No one should lose affordable healthcare because politicians chose tax breaks for billionaires over tax relief for working families," said Davids. "I heard from Kansans today who are doing everything right but are now facing impossible choices because their health insurance costs have skyrocketed. I'll keep fighting to restore these tax credits so families can afford the care they need instead of worrying about whether they can keep their coverage."

The enhanced tax credits helped more than160,000 Kansans save an average of $700 each year on health insurance. But after Republican leadership allowed the tax credits to expire, premiums began climbing sharply, putting affordable coverage further out of reach for working families, seniors, and small business owners.

In Kansas' Third District alone, an estimated 52,000 people are facing higher health insurance costs because the enhanced ACA tax credits were allowed to expire. The impact includes:

A 60-year-old couple earning $85,600 a year could see their annual premiums increase by $24,385 a 474 percent increase.

A family of four earning $66,000 a year could pay $2,353 more annually.

A family of four earning $133,750 a year could see annual premiums rise by $14,797 a 154 percent increase.

Nationally, health policy experts project the expiration of the tax credits are increasing premiums by an average of77 percent and could cause an estimated 4.2 million Americans to lose their health insurance. As healthier individuals drop coverage because of rising costs, premiums will climb even further for those who remain insured.

Davids has consistently pushed to lower healthcare costs by voting to extend the enhanced ACA tax credits through 2028,urging House leadership to act before they expired, andelevating the stories ofKansans whose families depend on affordable health coverage.