A 36-year Louisiana insurance agent was issued a six-month summary suspension of his licenses and ordered to pay a $16,500 fine for allegedly providing fraudulent proofs of insurance.
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.