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.

The U.S. Health and Human Services Department issued final rules for its medical loss ratio, declining the request of insurance agent trade groups and state insurance regulators to exempt agent and broker compensation.

A consumer advocacy group attacked a bill before Congress seeking to exempt insurance agent and broker commissions from the medical loss ratios, calling it “special interest legislation.”

Two congressmen have introduced legislation that would exclude agent commissions from the medical loss ratios included in the federal health reform law.

A standing ovation for Rep. Mike Rogers (R-Mich.) for setting the record straight on the issue of government take over of the nation’s health care delivery and insurance system. In …  Read →