Premium increases by health insurers across the nation are taking center stage to justify the need for health care reform, as a way to stuff the pocket of company executives and now, in Connecticut, the reason the state should elect its insurance commissioner.
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.