The New Mexico Supreme Court ruled July 28 that state hearings into Blue Cross Blue Shield of New Mexico’s previously approved 21% rate hike request can continue.
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.