A.M. Best reports a proposed federal bill exempting agent and broker commissions from medical loss ratio calculation could reduce consumer rebates by more than $1 billion.
Data was collected as part of an NAIC study of the MLR issue and its impact on independent producer commissions.
Last November, the NAIC created a task force (The Professional Health Insurance Advisors (EX) Task Force) to examine and address potential adverse effects of new medical loss ratio formula on the role of health insurance agents and brokers, and whether these effects would be disruptive to individual and group health insurance markets.
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