The evolving health insurance marketplace is so tumultuous that a key ratings service has withdrawn a series of ratings for more than 125 health insurers, including HMOs and Blue Cross and Blue Shield plans across the country.
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.