It’s like food coops. After a while the grocers realize business is going that direction, so they start complaining. The difference is that grocers don’t have their own government agency to crack down on their competition.
As with all combined efforts, someone will occasionally gum up the works and they’ll have to make rules to cover that.
You are exactly right. This is about the big insurance companies using government to force people to purchase their product. Our family was with a wonderful group that was forced out of Texas, this was maybe 15 or more years ago.