Patrick Leahy, chairman of the U.S. Senate Judiciary Committee, has introduced a bill that would eliminate the federal antitrust exemption given to health insurance and medical malpractice insurance companies as a means of cutting costs.
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.