That's why we're here to sound the alarm. We know that increased rates are something that we could deal with in Congress. In fact, Some of those applications actually cited Congress's inability to act as the reason why they expected rates to go up. They cited the impending failure of the tax credits and the rising cost of providing health care because of tariffs and inflation. The Office of Insurance Commissioner will have to decide what to do in this situation. (12:46–12:55)
CLAIM
Asserts that some insurance rate increase applications cite Congress's inaction as a reason for expected rate hikes.
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