Connecticut Insurance Commissioner Thomas Sullivan announed his resignation Nov. 1, effective Nov. 15, when he will take a position at PricewaterhouseCoopers in Hartford, Conn.
The cost of health insurance coverage for the average family will nearly double in the next decade if the U.S. Senate’s health care reform bill is passed, an industry trade group suggests.
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.