Richmond, Va.-based Genworth Financial announced that based on recently enacted legislation, it is expecting to recover nearly $85 million in federal tax refunds.
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.