Remember in the 1980s car insurance was absolutely insane? I remember paying $5,000 a year for two accidents I had which was an insane amount of money back then.
Then what happened? Suddenly all these car insurance companies started popping up, advertising all over the place, stiff competition whereas today you pay basically nothing, they even ask you to name your own price.
So what happened? It seems to me somebody, maybe Reagan or Bush Sr. got government out of car insurance or they busted a monopoly, something happened in the late 80s early 90s, it could have even been Clinton, but either way WHY don’t they do that with HEALTH INSURANCE?? You ever see health insurance commercials? At least on the level or car insurance commercials? I don’t see no health insurance ads with geckos
Financial deregulation allowed insurance companies to operate across states, although they still needed an insurance charter within each state.
The same happened with banking and brokerage. Fees dropped dramatically.
Kind of off-topic, but every time my son or I see a gecko, we say it is an insurance salesman. We saw many insurance salesmen during our recent vacation in Florida.