New Jersey Governor-Elect Chris Christie has selected Tom Considine, a 17-year employee of MetLife, to become the state’s next commissioner of banking and insurance.
The Centers for Medicare and Medicaid Services has awarded the state of New Jersey a $4.2 million performance bonus for its efforts to decrease the number of uninsured children in the state.
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.