||Self-Funded Health Insurance == Good? Bad? Both?

I'm in the US. My employer just started open enrollment for the year. Our health insurance is changing from a normal carrier (UHC) to a self-funded one, in a captive model (if that's the correct way to put that)—basically, pooling money/coverage with a bunch of other companies to spread the risk around a bit (over like 10,000 employees, total). Everyone's kind of freaking out about this (in a bad way)... Should we be?[more inside]posted by boisterousBluebirdtoWork & Moneyat 3:22 PM -11 answers