Reported 14 days ago
Former President Donald Trump has stirred controversy by promising to cut automobile insurance rates in half if re-elected, claiming a dramatic increase in rates that experts dispute. While he suggests a 73% rise in auto insurance costs, economists highlight that the actual increase is around 16.5% over the past year. Critics argue that such drastic cuts would necessitate federal intervention in a market regulated by individual states, raising skepticism about Trump's plan and drawing comparisons to government price controls, a concept he previously criticized.
Source: YAHOO