Health care reform signed into law by President Barack Obama could lead to the demise of small-group insurance market in the U.S., according to the chief executive of one of the nation’s Blue Cross Blue Shield affiliates.
Top executives from several regional health insurance and provider firms will participate in a “CEO Panel Discussion on Market Reform” on March 24 in Columbia, Md.
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.