Questioning the need for “a new layer of bureaucracy,” Nebraska’s governor has told the U.S. Department of Health and Human Services thanks, but no thanks to participating in a proposed federal high-risk pool program.
Health insurer Anthem Blue Cross and Blue Shield has received Virginia’s approval to raise the rates of four of its individual health plans, as of April 1.
California’s insurance commissioner and the Obama Administration are seeking answers as to why Anthem Blue Cross wants to raise its health insurance premiums by as much as 39% for some state residents.
Maryland insurance regulators fined a Louisville, Ky.-based insurance company $40,000 for overcharging 50 of its policyholders a total of nearly $292,000.
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.