California’s insurance commissioner and the Obama Administration are seeking answers as to why Anthem Blue Cross wants to raise its health insurance premiums by as much as 39% for some state residents.
Angela F. Braly succeeded Larry C. Glasscock as president and chief executive officer at WellPoint and now she will follow him as chairman of the national health insurer’s board of directors.
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.