Insurance companies are expecting health care costs to increase by an average of 10.5% over the next year, slightly less than the prior year, according to Aon Consulting.
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.