I strongly agree with this sentiment. Health "insurance" has morphed in to something more closely resembling health maintenance. A good example of this is preventative medicine. We've heard all about how health care reform should force insurers to pay for preventative medicine. There's just one problem with that. You cannot insure against the cost of preventative medicine. It's a known cost. It's unnecessarily expensive to have health insurance cover preventative medicine. It's much more efficient to pay providers, directly.
It's fair to talk about subsidizing preventative medicine for the poor. That's a different, albeit related topic. But "insuring" preventative medicine is just plain silly. The only possible win is for the insurer (in the case you don't actually obtain the preventative medicine).
--Bill