Private insurance companies will remain in “driver’s seat” if health care reforms being promoted by the president and Congress are approved, according to a prominent advocate for a single-payer system.
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.