Enacting the Kansas health insurance affordability transparency act to require a report specifying the financial impact to covered individuals resulting from the passage of certain health insurance legislation.

HB 2703 requires Kansas' Department of Insurance to create financial impact reports for legislators upon request when new health insurance bills are introduced. The reports must show how proposed legislation would affect premiums and out-of-pocket costs for Kansans covered by health insurance plans (including medical, dental, and vision coverage). To compile these reports, the department will request data from insurers about anticipated premium changes, cost shifts, and the number of people likely to see increased or decreased costs. The bill ensures insurer data remains confidential and aggregated to protect trade secrets, focusing solely on measurable financial impacts for covered individuals.