The U.S. Office of Management and Budget, part of the Obama Administration, is indicating its “strong support” for a bill repealing the antitrust exemption for health insurance companies.
See more: antitrust exemption, Barack Obama, bid rigging, Congress, costs, Health Insurance Industry Fair Competition Act, McCarran-Ferguson Act, OMB, price fixing, Tom Perriello
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.

