Omitting a government-run health insurance program from a Senate reform bill will give private insurers “free rein” to increase premiums and “drive up the cost of federal subsidies,” according to a group of Senate Democrats.
While Senate Finance Committee Chairman Max Baucus says a finalized health reform bill will be ready for debate by his group next week, some members say lingering concerns remain.
A group of six senators, representing both parties, sent a letter to Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell urging them to “resist timelines” set by … Read →
Sen. Herb Kohl (D-Wis.) has co-authored legislation to regulate long-term care insurance, following a hearing where the senator called for stronger consumer protections and greater transparency in the industry.
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.