A U.S. senator is pointing to a $4.9 billion correction in regulatory filings by Aetna as another reason the nation needs “more transparency and accountability in the health insurance industry.”
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.