Maryland’s federally mandated health insurance exchange should be a public, government-run agency with a board tasked with overseeing its operations, according to a state task force.
The merger of Group Benefit Services with Client First Brokerage Services late last year has spawned an expansion of education programs originally offered by Client First.
Two reports – one prepared for two Maryland insurance industry trade groups and the other for a general agency operating in the state – reach a similar conclusion: that the Maryland system for delivering health insurance works better than the Massachusetts health exchange.
The federal government’s efforts to extend health benefits to the growing number of the unemployed have left benefits agencies and their clients scrambling to understand the ramifications.
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.