In the event of a major hurricane, the Texas Windstorm Insurance Association would have insufficient funds to pay its claims. Underpriced rates crowd out private insurers, putting the system at risk.
Government Welfare Keeps People from Flourishing
President Trump’s Council of Economic Advisors recently released a report showing that there is a large portion of non-disabled, working-age adults (16 to 64 years old) who are receiving government non-cash welfare payments funded by taxpayers but aren’t working. For example, of those on Medicaid, 53 percent of non-disabled, working-age adults don’t have a job....