The entire point of this issue is that AOL chose to self-insure. That means there was no insurance company.

They should have gotten secondary catastrophic insurance. I.e. only for claims over some dollar amount, which are very rare and very cheap to insure for.

Self-insured group health plan.

AOL decides to take on the responsibilities and risks of an insurance company and then blames the employees and Obamacare when it doesn't work out? Wow. Armstrong is quite a piece of work.