A Virginia Beach, Va., insurance agent received probation after he allegedly tried to take advantage of senior citizens to boost his Medicare Advantage policy commissions.
Peter L. Holbert received a 12-month … Read →
See more: BOI, criminal, fraud, Insurance Fraud Program, Medicare Advantage, Peter L. Holbert
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.

