Minnesota’s attorney general has filed lawsuits against two Texas-based companies she said exploited thousands of residents who have difficulty finding affordable health insurance by selling them “health discount” plans.
Great American Life Insurance Co. and its affiliate, Annuity Investor’s Life Insurance Co., have agreed to a settlement with Minnesota’s attorney general over the sale of deferred annuities to Minnesota residents.
Minnesota’s attorney general has filed suit against two companies she says “are exploiting the lack of affordable health coverage” by “aggressively promoting” non-insurance products.
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.