Business Quote by Mike Braun
“In my own business, I took on the insurance companies and built my own self-insured plan for my employees that was cost effective and included no caps on coverage, coverage for pre-existing conditions, and allowed kids to stay on their parents' plan until they turned 26.”
About This Quote
Source Interview: Business Podcast, 2022
He created a self‑insured employee plan offering unlimited coverage, pre‑existing condition inclusion, and extended parental coverage, proving cost‑effective alternatives to insurers exist.
In simple terms: He built a better employee health plan without insurer limits.
Key Takeaway
Consider alternative insurance models for your business.
Themes
innovation
employee welfare
cost management
Mood
pragmatic
optimistic
Type
strategic
business
When to use this quote
- startup HR
- small business
- large corporation
- policy negotiation
Key Concepts
self‑insurance
benefit design
risk pooling
Questions to Reflect On
- How would you assess risk before self‑insuring?
- What safeguards are needed for employee health?
A Different Perspective
May face higher administrative burden and regulatory scrutiny.
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