Why would the band have to be 20-25 for every insurance company in the country? Why not be innovative and create an accurately priced 24-25 band and undercut yo

Why would the band have to be 20-25 for every insurance company in the country? Why not be innovative and create an accurately priced 24-25 band and undercut your competition? I'll tell you why: because insurance companies are a rent-seeking oligopoly with an enormous barrier to entry. They just sit there and make a fortune doing jack shit.