That’s the argument for every nanny state regulation, that people without them won’t be able to look out for themselves.
You could just as well claim that of every single government function including national defense. But the truth is that the absence of government results in Somalia.
I don't want to have to hire a lawyer or get a law degree to buy insurance. The history of abuses by insurance companies is long and at least some regulation of insurance companies is very warranted.
All things in moderation. I don't want big government, but I definitely want national defense and insurance regulation among other things.
KY can do what it wants. It's their right.