Many people don’t understand that insurance companies only make an 8-12% margin. Since each state requires all insurance companies to gain pricing approval to sell in their state (Filings), if healthcare costs go up within a given year the insurance company loses money. We don’t have an insurance issue, we have a healthcare and inflation cost issue. Same goes with home insurance.
What many don’t know: if you don’t like your insurance cost, it’s because of state legislation and cost in YOUR state - not federal govt.