FYI:
Regards,BEGINNING IN 1961—and for the 48 years that followed—I administered, designed, managed and negotiated health plans covering some 40,000 employees. In the late 1970s, cost became a growing issue. Over the years, we tried every trendy thing to control costs, from HMOs to wellness programs to shifting costs to employees. Nothing worked then and nothing seems to work today.
Before you jump to the most common conclusion, there was no insurance involved in any of the plans I managed. Instead, they were all self-funded by the company. The claims administrators we hired were at no financial risk from claim payments, had no incentive to deny claims and didn’t set premiums.
Ted
https://humbledollar.com/2018/09/get-me-the-doctor/
