Richard Durbin actually said...

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.

Context

Durbin critiques the political implications of underestimating insurance premiums.

07/27/2011

https://www.congress.gov...

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