A day after sharp criticism from a New York regulator on their decision not to participate in a hearing on ratings services and their impact on the insurance industry, Moody’s Investors Services has said it will attend the gathering.
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.