The actuarial team at the U.S. Department of Health and Human Services that was assigned to come up with the premium amounts and design of a government-run, long-term care program called CLASS has been dismissed.
Citing its efforts to protect and strengthen Medicare, provide affordable coverage options and provide long-term care support and services, the AARP announced its support for the House’s efforts to reform the nation’s health care system.
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.