A Wilmington, Del.-based health insurance company was ordered to pay a $1,000 fine and submit records to the Maryland Insurance Administration for a review of its policies.
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.