Captives are often pitched as the silver bullet for rising healthcare costs, but as Ralph Weber and Phil Holowka reveal, the truth is a lot messier. In this no-fluff episode, Phil, COO of Complete Captive, breaks down the real story behind collateral, risk pooling, and why most brokers are doing their clients zero favors.

We dig into:

• Why collateral in most group captives is a trap

• How bad structuring leads to massive leakage

• What a clean, transparent captive should look like

• How employers can finally take control of claims and cash flow

This is a must-listen for CFOs, HR leaders, and advisors tired of opaque promises and bloated renewals.