Two of the major trade associations in the health insurance industry are piloting a new program in New Jersey aimed at reducing time and expense for physician offices and patients.
New Jersey insurance regulators implemented a controversial medical fee schedule for reimbursing doctors who treat auto injuries, after an appeals court ruled it legal.
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.