A series of consumer complaints resulted in a $750,000 fine against Aetna for violating New York insurance law in its administration of the Healthy NY program over a 21-month period.
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.