An association representing the ambulance and medical transportation industry in Pennsylvania has filed a federal lawsuit against the Blue Cross Blue Shield insurers in the state over practices they say cost them millions over the last four years.
Pittsburgh, Pa.-based health insurer Highmark says it remains “financially strong,” in light of A.M. Best shifting its outlook to “negative” for the parent company and two of its health subsidiaries.
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.