Friday, December 09, 2011

Sad news for brokers and insurance agents

Health Action Network - This Week in Health Reform: December 9, 2011:
Lump of Coal for Brokers: In handing down its final ruling on the medical loss ratio (MLR) last week, the Obama administration left insurance agents out in the cold. Under the new determination, broker commissions were left classified as an administrative cost and, consequently, subject to the newly established MLR requirements. In its statement on the final ruling, the National Association of Health Underwriters expressed its disappointment that the Department of Health and Human Services failed to mitigate the adverse effects that the MLR rule has already had on the marketplace.
My broker has saved me much money and LOTS of time and treats me like royalty. This makes me spittin' mad!

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