About 100 Maryland health insurance agents and brokers lobbied members of the Maryland General Assembly today (Feb. 8) for a continued role for the private sector – and them – when the state’s health insurance exchange starts in 2014.
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.