In response to:

Risky Business

LarryFromMo Wrote: Aug 28, 2012 12:32 AM
"There is no inherent reason for employers to be involved, in the first place. " You forgot to mention that this is due to a political solution of wage controls during WWII. Health insurance was a benefit offered to employees to get around the wage controls. Great article as usual.
Eloise19 Wrote: Aug 28, 2012 5:38 PM
If only the employers could have sent them out into the world to shop for their own insurance with the guarantee that the employer would pay for it.

Insurance is all about risk. Yet neither insurance companies nor their policy-holders can do anything about one of the biggest risks -- namely, interference by politicians, to turn insurance into something other than a device to deal with risk.

By passing laws to force insurance companies to cover things that have nothing to do with risk, politicians force up the cost of insurance.

Annual checkups, for example, are known in advance to take place once a year. Foreseeable events are not a risk. Annual checkups are no cheaper when they are covered by an insurance policy. On...