This podcast episode highlights the concerning trend of rising insurance costs across various industries, particularly focusing on a staggering 94% increase in liability insurance for childcare providers, as revealed by the Kansas City Fed. The discussion centers on the multiple pressures facing the childcare industry, including heightened premiums due to increased claims, dwindling access to affordable care for families, and the detrimental ripple effect on the workforce. The episode underscores the urgent need for innovative solutions, such as a state-created reinsurance pool to stabilize costs and ensure the sustainability of childcare services.
