Four more auto insurers have reached a settlement with Massachusetts’ attorney general to correct thousands of driving records as officials now turn their attention to the use of private databases for rating purposes.
Just a little over a week after it suspended a prescription benefit provider for 21 states, the U.S. Centers for Medicare & Medicaid Services has terminated the company’s contract, effective immediately.
With the recent discovery of 732 violations of California claims handling laws against Anthem Blue Cross, the insurer’s parent company says it is taking the matter “very seriously” and will address all the issues identified by regulators.
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.