Complaints by a pair of property owners have led to the arrest of a former New York insurance agent accused of stealing $15,400 in premiums meant for commercial property-casualty policies.
A New York psychiatrist could face a maximum of 15 years in prison or as little as one year, depending on how much of his court-ordered restitution he pays in the next few months stemming from his conviction from Medicaid fraud.
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.