Political Quotes

Dick Durbin: “It would seem to me that what you're suggesting is that we are understating the premiums necessary to cover the risk…”

On the recordJuly 27, 2011
It would seem to me that what you're suggesting is that we are understating the premiums necessary to cover the risk, which is probably a great political decision on our part, but not a very good actuarial decision in terms of what we need to pay out.
Said by
Dick Durbin
Democratic · Illinois

Editor's note · Context

Durbin critiques the political implications of underestimating insurance premiums.

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