Sure, but the doctors/medicine/hospitals/liability are not any cheaper.
So the healthcare isn’t cheap, but the employer is able to gain more control over their employees by tying a piece of their non employee life to the employer creating more friction to prevent people from shopping for jobs with higher pay, and the employee is getting a small tax benefit.
It's especially fun if your employer is in a field with an aging employee population--like higher ed ironically. The insurer gives the same premium rate to all employees, meaning everyone is in the same risk pool. The old and or unhealthy employees make insurance more expensive for everyone at the employer. I've had situations where the exact same insurance plan cost two hugely different amounts of money after switching employers just because of average employee age differences. Really quite perverse.
So the healthcare isn’t cheap, but the employer is able to gain more control over their employees by tying a piece of their non employee life to the employer creating more friction to prevent people from shopping for jobs with higher pay, and the employee is getting a small tax benefit.