I started out in this business five years ago as a health insurance specialist. Since that time, I've seen my commissions cut in half. PPACA adds a new layer of concern. I feel that healthcare insurers being put in the same room to discuss the creation of exchanges placed healthcare brokers in danger of extinction - that collaboration to create standardized products, in my opinion, lent itself heavily to an environment where choice in healthcare insurance would be dumbed down and brokers would be marginalized and bypassed in distribution. HR 1206, which would take agent and broker commissions out of the MLR requirement, is unlikely to pass (govtrack.us gives it a 21 percent chance of passing at last look).
So we are, in effect, becoming as relevant as hiring a gas station attendant to help choose between four gasoline blends at the pump.
Do you see this? What changes do you guys see in the supplemental and voluntary market with ACA?
So we are, in effect, becoming as relevant as hiring a gas station attendant to help choose between four gasoline blends at the pump.
Do you see this? What changes do you guys see in the supplemental and voluntary market with ACA?