An institutional investor in Coventry Health Care has filed a class-action suit, alleging company executives violated federal securities laws and participated in a “scheme” that caused investors to suffer “economic loss.”
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.