Rep. Davids Releases Report on Health Care Savings in Kansas - Insurance News | InsuranceNewsNet

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September 2, 2022 Newswires
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Rep. Davids Releases Report on Health Care Savings in Kansas

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WASHINGTON, Sept. 2 -- Rep. Sharice Davids, D-Kansas, issued the following news release on Sept. 1, 2022:

Yesterday, Representative Sharice Davids released a report on the new health insurance savings Kansans can soon utilize thanks to the new health care law that passed earlier this month. Davids held a press conference to share what Kansans must know to take advantage of the new provisions. The law will help families in the Kansas Third save an average of $980 a year if they buy their own insurance and will extend the same savings to eligible families with unaffordable employer-sponsored insurance.

Watch more on Davids' work to lower health care costs for Kansans.

FOX4 KC: New Health Care Savings Thanks to Recent Davids-Supported Federal Provisions

KCTV: Rep. Davids Releases Report on New Health Insurance Savings

KSHB: Rep. Davids Holds Event on Federal Law that Saves Nearly $1,000 on Health Care Premiums

The report identifies savings that are available immediately or starting next year. Key takeaways include:

* For the 31,000 Kansans in the Third District who purchase their own insurance, the federal law caps premiums based on income levels, saving an average of $980 a year.

* The savings also apply to Kansans who get their insurance through their employer. Those who currently spend more than 9.6% of their income on employer-based health insurance will soon be able to seek affordable coverage through the exchanges, fixing the "family glitch."

These savings were included in Davids-supported federal actions, including the Inflation Reduction Act, comprehensive legislation to lower health care and energy costs and reduce the national debt by more than $300 billion. Additional provisions in the law that reduce health care costs include allowing Medicare to negotiate for lower prescription drug costs, capping the cost of insulin at $35 a month for Medicare beneficiaries, and capping out-of-pocket drug costs at $2,000 per year for those using Medicare.

* * *

Original text here: https://davids.house.gov/media/press-releases/icymi-davids-releases-report-new-health-care-savings-kansas

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