Just a little over a week after it suspended a prescription benefit provider for 21 states, the U.S. Centers for Medicare & Medicaid Services has terminated the company’s contract, effective immediately.
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.