John Thune: “Insurance companies are raising rates everywhere every year…”

“And I would say, and again, I don't want to see anybody's premiums go up by that amount, then that's not going to be attributable exclusively to these enhanced credits. The Insurance companies are raising rates everywhere every year anyway. And part of the reason for that is the basic program. People ought to be able to buy the insurance that they want.” (03:26–03:30)

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.