So addressing this challenge requires ensuring that insurance markets function properly to provide that affordable, comprehensive, meaningful insurance options for consumers. And as we've seen, State and federal backstops have become neither affordable nor sustainable in the long term. And while states should remain the primary regulators of insurance, increasingly people are wondering what the federal rule can be in either buttressing those markets or offering alternatives. (08:06–08:14)
CLAIM
Asserts that current state and federal insurance backstops are not sustainable or affordable.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
