The U.S. could save more than $1 trillion annually if it adapted another country’s universal health care system and opened up to change, a former U.S. president said at a recent conference.
Standing before a room of Republican leaders, President Barack Obama urged progress over politics on a number of issues facing Americans, including health care reform.
Dr. John C. Goodman, who is dubbed “The Father of the Health Savings Account,” provided some blunt but needed insight on the rabid push for health care reform in the recent issue of Health Insurance Underwriter magazine.
Yup, right from the horse’s mouth, comes this statement that the Obama Administration believes that cutting brokers out of the health insurance equation is the right thing to do.
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.