Highmark Inc., the state’s largest health insurer, is shifting its small-group business to a for-profit entity, which will allow it to consider medical underwriting.
A bill calling for increased public participation and independent analysis for health insurers seeking to become for-profit entities in New Jersey has taken another step forward.
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.