This year could be a pivotal one for the financial guarantor sector, as its response to its recent battering sets the stage for the next few years, according to an industry analyst.
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.