From the Boston Globe:

Fiscally conservative groups cite a Congressional Budget Office analysis that projects delaying the rate hikes would cost $900 million over five years and cause the program to lose $2.1 billion over a decade.

R.J. Lehmann, a senior fellow at the R Street Institute, a free-market think tank, said the government should not be subsidizing homeowners’ decisions to move into wetlands and other environmentally sensitive areas: “Homeowners should be paying what the risk bears. That is one of the bases of insurance.”

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