It's interesting that we're talking about helping people reduce costs, instead of penalizing companies that raise rates for something that should be a utility and has close to fixed costs to operate.
They are increasing speeds and increasing rates alongside. This would be less objectionable in my mind if they maintained the lower tier offerings. Instead they are selling us up our indifference curves, as an economist would say.
When rolling out the fiber network in Australia, NBN Co (government owned) kept the ownership of the fiber optic but on-sells capacity to retailers. It would take a lot of money to buy out the American incumbents, but perhaps this would be an option.