The possibility of health care reform, coupled with business downsizing and the aging workforce, may have conspired to cause the apparent bottoming out of health insurance premium prices last year, according to a new analysis.
Claiming hundreds of thousands of federal employees were “grossly misled” by two insurers and a government agency regarding freezes in premiums for long-term care insurance, a Virginia congressman wants a hearing on the matter to prevent future incidents.
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.