Broker Regulation

"Patients and physicians have a right to expect health insurers to uphold their promise to provide fair and accurate payment for medical services," says Dr. Jack Resneck Jr., president of the American Medical Association.

Under the law, plan sponsors can now see exactly what they're paying for, allowing them to more easily and clearly determine which brokers provide the best value for their dollars.

The DOL has removed or updated multiple existing provisions related to the audits.

"With inflation at record levels not experienced in decades, the financial stress caused by increasing prices is taking a toll on American workers," says Rob Grubka, CEO of Health Solutions for Voya Financial.

Quality service is a client's minimum expectation.

Since 2015, the percentage of Americans who reported past-due medical bills has remained in the low 20% range, down from 26% in 2012.