Oh those greedy insurance companies. Their profit gouging drives up our health care costs.
REALLY? The fact is that has never been true.
Despite the political drumbeat otherwise, insurance premiums are not driven by insurance companies but by the cost and use of healthcare, period. Oh, and note the taxes and fees mostly imposed by the states.
Avoiding those taxes is one reason large employers self insure their health benefit plans. Self- insuring also exempts a plan from state insurance laws in favor of federal law.