Maryland’s federally mandated health insurance exchange should be a public, government-run agency with a board tasked with overseeing its operations, according to a state task force.
Health insurance agents and brokers in Maryland have formed a coalition whose objective is to ensure their jobs are maintained as the state implements health reform.
Mark Haraway, president of the Maryland Association of Health Underwriters, told IFAwebnews.com the group, like many other agents’ organizations, is still interpreting the sweeping changes of the Patient Protection and Affordable Care Act.
Health care reform signed into law by President Barack Obama could lead to the demise of small-group insurance market in the U.S., according to the chief executive of one of the nation’s Blue Cross Blue Shield affiliates.
Top executives from several regional health insurance and provider firms will participate in a “CEO Panel Discussion on Market Reform” on March 24 in Columbia, Md.
Three Maryland health insurance agent associations have joined to offer a certification course on consumer-directed health care (CDHC), providing valuable continuing education credits to agents and brokers throughout the mid-Atlantic.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.