Amerigroup Corp., headquartered in Virginia Beach, Va., announced that it completed a deal with Centene Corp. for the assets of its University Health Plans.
A total of 14 major health insurance companies and their industry association spent 25% more this year to lobby on health care measures before Congress than they did last year, according to a Public Campaign Action Fund analysis.
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.