Andrew Cavenagh’s editorial in Investor’s Business Daily explains why it’s wasteful and inefficient for health insurance to cover everything from routine medical care to catastrophic claims.  This wasteful practice results in skyrocketing administrative costs, patients with no incentive to be mindful consumers of health care, and employers crippled by increasing costs. By self-insuring, employers take the small, predictable claims out of the equation and use insurance as it is actually meant to be used.

You can find the full article here.

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