re: #60 jamesfirecat

If we leave it up to the market, whats to stop them from constantly jacking up the price to increase their profits since they’re selling a good people can literally “not live without”?

People always look for the lowest price. Look at airline deregulation in the 1990s, we ended price controls on air fair and smaller cheaper airlines emerged. Airlines originally kept their fair high but after smaller competitors emerged they where forced to lower their prices.

The ban on shopping for insurance across state lines has allowed insurance companies to monopolize. The lobbyists are in Washington to keep that ban in place.