Having faced national scrutiny over planned rate hikes as much as 39% for some individual plan members, Anthem Blue Cross has again delayed those new rates from taking effect in California.
With the recent discovery of 732 violations of California claims handling laws against Anthem Blue Cross, the insurer’s parent company says it is taking the matter “very seriously” and will address all the issues identified by regulators.
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.