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.
karpe diem Wrote: Aug 28, 2012 12:54 AM
WWII ended years ago and there are no wage controls any more. why burden employers with something that really does not belong to them? this law should have been scrapped years ago, and it stayed in just to burden the over burdened employers for now good reason. apparently there was no one in congress bold enough to say this should be taken off the books and be done with it. apparently we do not have any bold ones in congress for this and many other useless and harmful laws everyone knows need to be scrapped.
Curtis108 Wrote: Aug 28, 2012 6:03 AM
Rachel: Prior to Obamacare, there was no requirement for employers to provide insurance. Employers did it as a way to compete for employees, and because insuring more is cheaper and more predictable, employers continued to do so.
Don't Tread On Me3 Wrote: Aug 28, 2012 6:53 AM
For a long time group plans were not all that expensive. Furthermore, employers could write them off as expenses, but they were not taxable to the employees, so the value was effectively enhanced 20-30% over direct cash compensation. A good health plan OtOH has always been highly motivating to employees, esp those with families.

It was only when providers, employers, insurers, & attorneys began their multiway tug-of-war (with politicians licking their chops at the big insurance funds), & government began rent-seeking from hospitals requiring unpaid services (leading to "cost-shifting") that insurance cos had to get really defensive.

The much-hated HMO's were Ted Kennedy's brainchild, don't forget.

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...