The honeymoon between insurers and the crafters of the Patient Protection and Affordable Care Act (PPACA) is clearly over. In fact, the marriage may already be on the rocks.
As reported by USA Today, insurance companies that offer coverage through the PPACA are penalizing agents that sell the plans insurers are losing big bucks on. Regulators are striking back by calling for even more restrictions on the already limited flexibility insurers have in plan design and offerings.
But while some insurance companies openly admit to reducing agent commissions on sales of the plans that more sick people are purchasing, other companies claim commission cutting is simply a bit of corporate belt tightening.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
