CobraGT posted...
When you put this way, we need to see
Insurance company revenue from premiums and from investments
Insurance company payouts to insureds and to their lawsuits
Insurance company payouts for law suits brought against the company
Insurance company donations to Trump and other politicians.
Doesn't matter.
It goes up because they say it goes up.
What can you do about it? Nothing. So then they can make it go up.
The only way it can sorta go down is if another company joins in and is like "oh I can make my rates so much lower!!!"
but if no company does that then it doesn't matter
The free market theory is that a company will always want to do that and provide the cheapest rate to get all the customers....
that only works in theory
it turns out that all the companies basically having nearly the same rate and monopoly is actually what makes the most money
and if a new small company tries to provide a lower rate you just buy them out or harass them out of the market