A key question facing health insurers in the coming months is how much of a rate increase can they seek without setting off the fat-cat, record profits argument so many are using wrongly. Based on recent events, the answer is very, very little.
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.