A little less than a week before it was to decide whether the reserves of a CareFirst subsidiary is “unreasonably large,” Washington, D.C., insurance regulators are delaying their final verdict until the end of December.
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.