> There is still competition, though, and we don't see price gouging in food, for example, just because people have to buy it. There's not a law that requires

> There is still competition, though, and we don't see price gouging in food, for example, just because people have to buy it. There's not a law that requires me to buy food, nor a law that requires me to buy specific types of food. I can grow my own food, or buy from other people locally if I wanted to. > If insurance is so overpriced, then why don't other companies enter the market? It takes extremely deep pockets to be able to sell insurance in the first place, and it's a relatively regulated industry. Anyone can grow some tomatoes and sell them to me at a farmers market with minimal overhead. Few can sell me comprehensive insurance that will pay out when I need it.