Revava Sharfuddin of Reason writes that it is time to drown the National Flood Insurance Program (NFIP).
- The National Flood Insurance Program incentivizes people to live in flood-prone areas by not properly calculating flood risk in its insurance premiums.
- The program is about $20 billion in debt, which taxpayers across the nation are on the hook to pay.
- Rather than continuing to fund a broken system, Congress should look to reform the NFIP.
Read the full article here.