An independent insurance agent from Queensbury, N.Y., admitted to defrauding a couple of $26,100 by not obtaining an annuity for which the couple had paid.
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.