Prior to leaving office as Maryland’s insurance commissioner, Ralph S. Tyler says his agency will provide state legislators with recommendations on how to better govern the reserve levels of non-profit health insurers.
Much like Goldilocks, when it comes to assessing its hundreds of millions of dollars in reserve funds, regional insurer CareFirst feels it is not too big, nor too small, but just right.
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.