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Are you sure you haven't gotten YouTube Premium mixed up with YouTube TV? The latter is priced like traditional cable because that's basically what it is; premium is just YouTube with no ads, basic app features that shouldn't be paywalled in the first place like downloading videos, and YT music thrown in.
The YouTube premium family plan (pairs with more accounts/devices) is a little more expensive at like $23 but I didn't think that was cable tv expensive. All the full-package cable replacement services I know of are around $70-$90.
If they wouldn't have that fucked up "same household"-policy for the family plan, I would be all over YouTube Premium. But for me alone it's too expensive (I don't use it THAT heavily) and I couldn't share it with my family that lives in three different places.
Ah yes, I was thinking of YouTube TV.