Why would any employer want to be in the health insurance business?
Health care in America is now a government run utility. Employers can be sued, fined, and penalized in more ways than one. It’s just not worth the risk.
Many are beginning to think its best to get out of the health insurance business by putting their employees into the health care business.
And they can. And they will.
FROM FORMER SELF-FUNDED PLAN SPONSOR
“So far, the ICHRA is great. For the first time in 40 years, I don’t have to worry about plan renewals, costs, outliers, stop loss, PBM’s and all the other crap (government regulation) that comes with this line item. And let’s not forget risk. I lived in fear each week those pay apps came through, not knowing what they were going to be.”
“Businesses should NOT be in the health insurance business. It’s a complete misallocation of resources and risk. Employees need to be weaned from the employer tit. I don’t like single payer either. Employees need choices that fit their particular needs. ICHRA seems to fulfill that requirement.”
